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A person rests on the sidewalk on West Madison Street near the Phoenix Human Services Campus on March 1, 2023.

Under Arizona SB 1413, people living outside shelters would have their homes dismantled - the bill requires cities and towns to tear down homeless encampments and charge the person or people living there with trespassing if they’re on private property. Read more»

The measure came under fire from critics for failing to ensure that landlords wouldn’t simply pocket the tax break and do nothing to relieve the strain on their tenants.

Arizona Gov. Katie Hobbs vetoed a GOP-backed bill that sought to eliminate the rental tax in what Republican lawmakers called an attempt to mitigate rising inflation and housing costs, yet likely would not have benefited renters and was potentially catastrophic for municipalities. Read more»

Arizona law prohibits cities from imposing rent controls, and that has resulted in whopping spikes in recent years.

Republican lawmakers are looking to slash food and rental taxes in a bid to help Arizonans deal with spiking inflation, but city officials warn that doing so won’t help those in need — and will actually increase costs elsewhere. Read more»

Though RealPage says the information is aggregated and anonymized, some experts have said using private data from competitors to set rents could run afoul of antitrust laws.

The Department of Justice’s Antitrust Division has opened an investigation into whether rent-setting software made by a Texas-based real estate tech company is facilitating collusion among landlords and allowing property managers to illegally coordinate their pricing. Read more»

First-time home buyers made up 26% of the market in the year that ended July 22, a drop from 34% during the same period the previous year. 

Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. Read more»

RealPage said previously that its revenue management software prioritizes a property’s own internal supply and demand dynamics over external factors such as competitors’ rents.

A U.S. Senate committee is asked the Federal Trade Commission to review whether the rent-setting software from Texas-based property tech company RealPage violates antitrust laws by helping big landlords operate as a cartel to push rents above competitive levels in some markets. Read more»

The property managers named in the lawsuit included Greystar, Lincoln Property Company, Equity Residential, Mid-America Apartment Communities and FPI Management - some of the nation’s largest landlords.

Renters filed a lawsuit this week alleging that RealPage -a company that makes price-setting software for apartments - and nine of the nation’s biggest property managers formed a cartel to artificially inflate rents in violation of federal law. Read more»

Arizona law bans cities from taking actions to stabilize or control rent increases. Landlords are legally allowed to increase rents with proper notice.

Unemployed Workers United, along with other social advocacy groups, hosted a public forum as a call for affordable housing reform in Arizona, as the state is currently facing a shortage of 270,000 homes and where rent prices exceed a reasonable share of the typical person’s income. Read more»

Most people move during the spring and summer months, but many would-be movers stayed put this May and June amid higher interest rates and rising rents, and exurbs saw more people move in as other areas experienced an outflow. Read more»

Now the off-campus housing crunch is affecting on-campus housing, which is typically cheaper and for which there is intensifying competition.

Rents have risen 14 percent on average over the last year, and that’s becoming a huge problem for college students faced with spiraling off-campus housing costs. It’s also spilling over into long waiting lists for less-expensive on-campus dorms. Read more»

A recent report found that about 1 in 4 houses sold in 2021 nationwide were purchased by an institutional investor - a figure that grew to 31% in Arizona.

Witnesses in a Tuesday hearing detailed to a Senate committee how investors and stagnant wages are driving an eviction and housing crisis across the U.S., with families priced out of buying homes and rents increasing faster than they ever have on record. Read more»

Investors have bought up rental homes, especially in Black and Hispanic suburbs in the Sun Belt, causing drops in home ownership.

Investors bought nearly a quarter of U.S. single-family homes that sold last year, often driving up rents for suburban families in the process - with investors buying 31% of single-family homes in Arizona during 2021, a 76% change from 2020. Read more»

With Arizona law tilted firmly in favor of Airbnb and other short-term rental platforms, cities and towns looking to stop the negative effects of homes in quiet neighborhoods being rented out as “party houses” are increasingly finding their hands tied. Read more»

The Arizona Attorney General says that the most onerous parts of an ordinance passed earlier this year by the town of Paradise Valley aimed at reining in “party house” Airbnbs conflict with existing state law, putting $1.6 million of the town’s state shared revenue in limbo. Read more»

In the year after the COVID-19 pandemic began in March 2020, moves out of city centers increased from the year before, as did moves into rural and suburban areas - but the trend slowed considerably during the second year of the pandemic. Read more»

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