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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.
🚨 Homebuilders say the Trump administration’s increased ICE operations have resulted in a struggle to find workers. (Axios Phoenix)
💰 Here’s a validating but depressing stat: Home prices in Arizona have outpaced inflation by 177% over the last 15 years. Bring this up next time someone asks why you don’t own a home yet. (Phoenix New Times)
🔑 And speaking of buying, new home sales have slowed as potential buyers are hit with mortgage rates over 7%. (Phoenix Business Journal, 🔒)
🏠 The head of Arizona’s Land Department said Republicans’ plan to sell off the state’s trust land to increase housing supply doesn’t add up, because most of that land doesn’t have the infrastructure or zoning needed for residential development. (Arizona Mirror)
😬 State auditors are raising issues with the Arizona Department of Housing’s work. In some cases, the agency did not notify property owners about “urgent problems” in housing units for 40 to 115 days. (Arizona Mirror)
💸 After a seven-year struggle, the One Camelback apartment building is now open. I already looked for you: The cheapest unit is a 536-square-foot studio for $1,625 a month. The most expensive? A 1,898-square-foot three-bedroom for$10,000 a month. (Axios Phoenix)
