If you are thinking about buying a home, you’re probably aware that interest rates have been rising.
Real Estate
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Commercial and residential contractors and sub-contractors have historically been considered high-risk borrowers. But, there are several things a contractor can do to increase the chances of securing a loan.
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Since 2010, the Pima County Community Land Trust (PCCLT) has been committed to providing a permanent supply of affordable housing for low- to moderate-income home buyers in the Tucson area. The nonprofit, community-based organization has provided 89 homes to local families.
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Once known as Madison Street Veterans Association, the MANA (Marines, Army, Navy, Air Force) House is a peer-support organization for homeless and formerly homeless veterans. In 2008, a group of 14 veterans experiencing homelessness got together in Phoenix to help each other out. That work continues at this former government agricultural facility, now a transitional living center for veterans.
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According to a report, the Phoenix housing market is enjoying its most successful period since the early 2000s.
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Christopher Todd Communities, a local developer known for single-family rental homes and the newly launched “A New Lease on Life” program, has broken ground on Christopher Todd Communities At Stadium. The 313-home Phoenix project on 99th Avenue and Missouri will feature smart home technology and private backyards. It marks the developer’s fifth community in 12 months.
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Millennials make up the largest group of homebuyers, at 35 percent. Statistics don’t tell the full story. According to Lisa Davey of Washington Federal, a deeper dive shows the median age of Millennial buyers is 30-plus – on the cusp of Gen X.