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Video: Arizona Student Housing Fire Melts Crane

Construction Equipment

The private student housing complex under construction caught fire around 2 a.m. Tuesday morning near East Broadway and North Tyndall Avenue in Tucson, destroying major portions of the construction site and the timber-framed multistory student housing project.

Arizona 54
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Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise

Pro Builder

Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise. Adjustable-rate mortgages were one of the causes of the Great Recession in 2007, and as housing prices escalate to new record highs, they’re making a comeback nationwide. Fri, 04/01/2022 - 10:15.

Housing 52
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4 Key Factors of the 2022 Housing Market

Pro Builder

4 Key Factors of the 2022 Housing Market. The 2021 housing market proved to be as contentious and unpredictable as the record-breaking year before it, and as leading economists and analysts look ahead to 2022, they anticipate more changes to come—just on a smaller scale. Housing Markets. Tue, 12/21/2021 - 10:04.

Housing 52
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Seniors Continue Working the Most in These 10 Metros

Pro Builder

Tucson, AZ. The senior labor force participation rate for Tucson grew 6.7% Housing Markets. Housing Markets. The rate also jumped 5.9% in one year, the fourth-highest in this study. in five years up to 20.6% in 2019, the third-highest five-year increase in this study. The city also grew 6.1% Read More. . Demographics.

Metro 52
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Where Are Home Sales Slowing the Most in a 2023 Market Correction?

Pro Builder

The biggest year-over-year decline at the close of 2022 was in Tucson, AZ, where latent demand caused total sales to drop from 2,248 in November 2021 to 789 in November 2022, a -64.9% Read more Housing Markets Market Data + Trends Housing Markets annual decrease. However, the number of homes for sale is still very low.

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As Fears of a Recession Mount, Prices Are Already Falling in These Popular Metros

Pro Builder

As mortgage rates spike and whispers of a housing recession cause buyers to delay their home purchases, sellers are beginning to slash their asking prices to rein in what little competition remains. and Tucson, Ariz. Housing Markets. Housing Markets. and 51.6%, respectively, Forbes reports. North Port Fla. and Las Vegas.

Metro 52
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How Some Cities are Planning to Rebound from the Pandemic

Pro Builder

In Tucson, the revitalization plan, which goes into effect this month, calls for assessing the effect of the pandemic on important business sectors, including biotech and logistics. Housing Markets. Other provisions advocate recruiting talented workers and preparing so-called shovel-ready building sites of 50 acres or more.

Plans 93