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Harney: FHA opens window to more borrowers

August 27, 2015 7:00 pm
Kenneth Harney |
If you’ve got a low FICO credit score but believe you can handle monthly mortgage payments instead of rent, here’s some potentially good news: The government is now willing to give you a better shot at obtaining a low-down-payment home loan from the Federal Housing Administration. Under a key policy change that took effect last week, lenders nationwide now have more leeway to approve mortgages to borrowers who qualify under FHA’s underwriting guidelines but may have below-par FICO scores.

Hub high-rise getting smaller companion near UA

August 25, 2015 7:00 pm
The Hub on Campus Tucson 2, going up on North Tyndall Avenue, likely marks the end of such projects for a while, says a housing specialist who monitors student-housing occupancy rates. | A.E. Araiza / Arizona Daily Star
The newest student housing complex in Tucson will feature a nod to rural Arizona, with neon cactus in the lobby and a custom-made jeep with a hood that doubles as a gas grill. Construction of the six-story Hub on Campus Tucson 2 high-rise is expected to be complete by fall 2016. It will be on North Tyndall Avenue, near North Park Avenue and East Speedway. Amenities will be similar to its neighboring sister complex, Hub at Tucson, which includes a spa and study rooms equipped with computers and printers, said Benjamin Modleski, chief operating officer for Core Spaces, developer of the projects.

Arizona home values rise 6.8 percent in a year

August 25, 2015 4:45 pm
 | Lorri Allen / Cronkite New Service
After years of disappointing performance, there are real signs of life in the Arizona real estate market. Home prices overall in the state rose 6.8 percent in the past year, new figures Tuesday from the Federal Housing Finance Agency (FHFA) show.

Tucson Real Estate

August 24, 2015 6:32 pm
Sales TMC Holdings Inc. bought 3,872 square feet of medical office space at 5300 E. Erickson from Tran Building LLC for $670,000. The seller was represented by David Montijo with CBRE.SEGUE Property Portfolio LLC purchased a 9,000 square-foot industrial building at 2481 W. Poppy Ave. from John W. and Kimberly J. Harshbarger for $600,000. Ron Zimmerman, with Picor, represented the seller and Robert DeLaney, with CBRE, represented the buyer.Michael R. Wattis Inc. bought 3.5 acres at 1107 E. River Road from KLK Consulting Group Inc. for $315,000. The seller was represented by Buzz Isaacson with CBRE. Leases Maxim Healthcare Services leased 7,065 square feet at 5151 E. Broadway from 5151 Investors KCI-Broadway LLC. Sany Alter, with Rein and Grossoehme, represented the landlord.

Marana outlet center could get hotel, auto mall

August 20, 2015 8:00 pm
The northwest corner of the Tucson Premium Outlets center, under construction near Interstate 10 and Twin Peaks Road. | Kelly Presnell / Arizona Daily Star
A hotel developer is in escrow and plans to construct lodgings on the site of a new outlet mall opening soon in Marana. And, developers of Tucson Premium Outlets, near Interstate 10 and Twin Peaks Road, are in negotiations with car dealers in the hopes of opening a second auto mall.
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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© 2015 Green Valley/Sahuarita Arizona Multiple Listing Service. All rights reserved.

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