As Phoenix housing prices dip, investors are hurting
Since the pandemic, investors have been snapping up single family homes to rent out at higher rates. This — coupled with the slowed home building industry and other factors — has resulted in inflated home prices, locking many first-time and low-income home buyers out of the market.
But now it might be investors who are feeling the brunt of the market decline as it’s balancing out.
Tina Tamboer is senior housing analyst with The Cromford Report. The Show spoke with her more about investors and Arizona’s housing market.