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It takes a lot of time to stay on top of the news, so here’s a quick roundup of stories about renting and living in Phoenix.
💰 Arizona’s minimum wage will increase 3.4% in accordance with inflation in 2027, making it $15.65 an hour. (Phoenix Business Journal, 🔒)
🏠 Phoenix homebuyers used to expect a slowdown in the market during hot summers, but that seasonal pattern is shifting. (ASU News)
💸 A new report found that Phoenix was an early target for institutional investors buying single-family homes, making it one of the biggest markets nationally for corporate landlords. (Axios Phoenix)
🧑⚖️ A slate of new laws took effect in Arizona last weekend, including four that have to do with homeowners’ associations. (Arizona Agenda)
🚶 Next time you think walking around Phoenix is impossible, think of this guy who walked from downtown to Buc-ee’s in Goodyear. (KJZZ)
🔑 More than 20% of US homes headed by seniors rent. Here are some targets for savings if you’re planning to rent in retirement. (Investopedia)
😬 It could be worse for us, I guess? San Francisco declared a rent emergency last week as the booming AI industry drives up prices. (The Guardian)
