The Metropolitan Phoenix Valley RENT Check™ statistical data is derived from ARMLS’s monthly report addressing the Phoenix residential single family home rental market.
This home leasing report features the Rent Check Quotient™ (RCQ™) which is the result of dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is driven by high foreclosure volume, which turns would-be home owners into renters, and investor sales into rentals rather than owner occupied houses.
This entry was posted on Monday, June 18th, 2012 at 10:46 pm and is filed under General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.