April 07, 2009 - (RealEstateRama) — Impact fees and surcharges make up 12.8% of the sales price of a new home in the Tucson region, according to data compiled by the Southern Arizona Home Builders Association. The average total of impact fees and surcharges for a 2,100 square foot home was $27,587 last year. As of February, the median price for a new home was $214,364, according to John Strobeck, of Bright Future Business Consultants.
March 24, 2009 - (RealEstateRama) — The nation’s home builders are challenging a Dec. 8 federal regulatory ruling that an Arizona riverbed fed by sewers and storm runoff is a “traditional navigable water” – a decision with far-reaching implications for home buyers and property owners for miles around.
Fallout from the implosion of the residential-housing market will dampen what has been a white-hot commercial real-estate market, Valley economist Elliott Pollack told a group of commercial brokers and developers Thursday.