Dip in rent prices, jobs signal continued growth for metro Phoenix, experts say

PHOENIX (AZFamily) — Metro Phoenix, once one of the fastest-growing areas in the country, is undergoing a major shift. New data shows a dip in rent prices and jobs, which experts say signal a more balanced and sustainable future for the Valley of the Sun.

“There’s a lot of apartments going up everywhere on every corner. That’s what I’m noticing a lot,” said Robyn Schereur, who lives in Phoenix.

“A lot of new apartments, and that’s pretty much it. Not a lot of actual buying houses,” said Anna Endeaneavs, another Phoenix resident…

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