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Phoenix Area Sees Many Apartment Building Construction Projects
There’s a good amount of housing construction going on around the Valley, but a lot of those projects are apartment buildings — rental housing, as opposed to single-family housing.
It’s been a pretty good run for the Valley’s rental housing market over the past several months.
Pete TeKampe, a a commercial real-estate agent with the firm Marcus & Millichap in Phoenix, talks about the good signs and also some not-so-terrific signs in the Valley rental-housing market.