WASHINGTON Could a little-noticed policy change by giant mortgage investor Fannie Mae help homeowners who’d like to move but can’t because they’re underwater — they owe more to the bank than the likely selling price of their houses?
Normally, folks, we don’t publish stories without providing an answer to an obvious question. Satisfying reader curiosity is what we strive to do and we will hold stories until we get some answers. But, given the more than three dozen queries about the large structure going up on the northeast corner of Broadway and Wilmot Road, we decided to come clean.
Sales 345 East Virginia Avenue LLC bought a 7,500-square-foot office building at 435 E. Ninth St. from Seascape Ventures LLC for $800,000. Paul Hooker, with Picor, represented the seller and Andy Ogan, with Lee & Associates Arizona, represented the buyer.DR Horton Inc. bought 28 condominium lots at the southeast corner of Limberlost Drive and Thurston Lane for $672,000 from HSL Stone Crossing LLC. Both parties were represented by Ben Becker and Adam Beck, with CBRE.SAJE Investments LLC bought a 3,200-square-foot building at 4910 N. Sabino Canyon Road for $625,000 from Sabino Canyon Investments LLC. Michael Hennessy of Burris, Hennessy & Co. represented the buyer and Andrew D. Sternberg, of Oxford Realty Advisors, represented the seller.
How fast should your house sell once you put it on the market? Within a week? A few weeks? A couple of months? Longer? New research suggests that not only are typical selling times declining in the current bull market for housing, but they may have hit record lows.
Sales Nicon LLC bought a 7,444-square-foot building at 5744 E. Speedway from 5744 East Speedway Boulevard LLC for $562,000. Ron Zimmerman, with Picor, represented the seller and David Hammack, with Volk Real Estate, represented the buyer.Chargers 1 LLC bought a 5,250-square-foot industrial building at 637 S. Vine Ave. from Net Real Estate I LLC for $250,000. Brandon Rodgers, with Picor, represented the buyer and Picor’s Paul Hooker represented the seller.Dream In Color Yarn bought a 3,270-square-foot industrial building at 2020 E. 13th St. from Long Far Investments LLC for $290,000. Paul Hooker, with Picor, represented the buyer.Little Group LLC, dba Quik Mart, bought a 3,120-square-foot retail strip building at 4475-4477 E. Fifth St. from Tucson Commercial Property LLC for $239,000. Aaron LaPrise, with Picor, represented the buyer and the seller.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Tucson Association of REALTORS® Multiple Listing Service (TAR MLS), the Green Valley/Sahuarita Arizona Multiple Listing Service (GVAR MLS), and the Southeast Arizona Multiple Listing Service, Inc. (SAAR MLS). Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX/RETS data is deemed reliable but is not guaranteed accurate by the MLS.
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