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Phoenix No. 1 in nation for growth in home values and rent

22February 2021

The Phoenix residential real estate market is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation’s largest metros, according to Zillow’s latest market report. Extreme demand driven by exceptionally low mortgage rates, demographic pressures and pandemic trends kept the housing market boiling as we moved into 2021, according to Zillow. READ MORE: 5 Arizona housing market predictions for 2021 READ MORE: 5 hottest real estate markets in Arizona!

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