NewsBreak Original

Phoenix has been one of the hottest real estate markets in the country, with rents rising about 30% in the last year, more than double the national average. According to recent research, the cost of buying a house in metro Phoenix keeps increasing, and an industry expert says the Valley's hot housing market is unlikely to cool anytime soon.

As we all know, rising prices have significantly impacted Americans, as inflation has been increased at its highest rate in almost 40 years. This means increased costs for food, utilities, shelter, and rent are no exception for consumers.