Housing developers are working to accommodate the rising demand for home rentals by building developments with renters in mind.
MARANA, Ariz. — Rising interest rates are driving some home buyers into rentals. With the increasing demand in Southern Arizona, Marana is working on stepping up to meet those needs with several rental-focused projects in the works.
"I pay $1,800 for a four-bedroom, two-bath house," Gwen Hart said."It used to be $1,500 and it went up $300 from last year, which is pretty steep. I was expecting it to go up, but not by $300.""I moved here from New York and they're very sensitive in New York, and I really enjoyed the cost of living here in Tucson-Marana," Hart said.
In the mean time of the town of Marana is working to attract several rental developments in the area. "The goal is to have the diverse options for people because not everybody wants to deal with a big yard and maintenance," Jason Angel, Development Services Director for the town of Marana said."Some people just want that town home or smaller attached unit."Denelle Confair is an anchor and investigative reporter for KGUN 9. It's been her dream to tell your stories for the past decade.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Housing starts increase as housing market sends mixed signalsThe number of housing starts ticked up in July despite rising mortgage rates, adding to the mixed signals regarding the health of the market.
Leer más »
Marana doctor dies while hiking in New Mexico with other physiciansAuthorities say a southern Arizona doctor has died after suffering an apparent heart attack in New Mexico while on a hike with other physicians.
Leer más »
Town of Marana officials warn about lifeguard's possible MRSA infectionsThe Parks and Recreation Department said some lifeguards had sores on the back of their thighs. The department took precautions to make sure the pool was clean.
Leer más »
New research highlights Denver housing barriers for transgender, non-binary communitiesHousekeys Action Network Denver (HAND) shared new research on the housing barriers members of the transgender and non-binary communities face in Denver.
Leer más »
Colorado’s housing market is so strained it’s endangering domestic violence victims, advocates sayThe need for affordable housing is so great in Colorado, and there’s such a scarcity of options, that domestic violence survivors, single parents and other people caught in between permanent …
Leer más »
Baby boomers dominating housing market with median first-time homebuyer age risingThe median age of first-time homebuyers is now 36, according to the National Association of Realtors, the highest it's ever been since the number started being recorded in 1981. Baby boomers, meanwhile, are the age group buying the most homes. Washington Post business reporter Julian Mark has been following home buying trends and joined CBS News to discuss.
Leer más »