Phoenix rental houses have become a new bright spot in the real estate market

Phoenix rental houses have become a new bright spot in the real estate market. The bursting of the real estate market bubble has turned 4 million homeowners into renters, and the loan interest rate has dropped to 40...

Rental housing in Phoenix has become a new bright spot in the real estate market. The bursting of the real estate market bubble has turned 4 million homeowners into renters, and loan interest rates have dropped to the lowest point in 40 years. Many investors are optimistic about the rental market. The national rental market jumped to 11.6% in 2010, with an average monthly rental income of $1,320. A Tucson real estate developer said he spent $37.5 million on two apartment communities at the end of August. One is Encantada Apartments (10741 W. El Cortez Place, Peoria) for $25.5 million. The other is the $12 million El Dorado Place Apartments (1150 N. El Dorado Place, Tucson). The Encantada community will have 271 units, and El Dorado Place in Tucson will have 147 rental units. The company has 9,500 units for rent in 37 communities in Arizona, and they are quite optimistic about the rental market in recent years. If you have more questions about buying a house, please call Tinna (480)287-0180 Email: goldtrustrealty2010@gmail.com