Down payment climbs for new homes says Fed
Buyers face five thousand dollar higher down payments than four years ago and the average monthly mortgage payment tops three hundred dollars. The Fed notes only high income buyers or those selling existing homes can manage the rise while overall demand for new homes remains strong.
MENTIONED IN THIS ARTICLE
Leonard Curry Washington
UPI
Federal Reserve Board
Central Bank
Federal Reserve
Housing prices soar as 1980s outlook predicts crisis
Senate testimony by Kenneth T. Rosen warns the U S housing market faces unprecedented costs with nine years ahead. Median new home price could reach nearly 90000 and the average down payment around 23000 pushing half of young families out of the market and threatening universal home ownership.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking Committee
Kenneth T. Rosen
Princeton University
Vandals strike North Saco fire station glass
City officials have not yet determined total damage from vandals who threw a five pound rock at the North Saco fire station Friday night. The rock shattered the door glass and damaged a fire engine windshield at the unmanned volunteer station.
MENTIONED IN THIS ARTICLE
Saco
Dick Danforth
Vandalism Incidents Spark Debate in Coastal Towns
Five vandalism cases hit Saco over the weekend including a rock shattering the North Saco fire station door and Engine Six windshield. In Cape Porpoise the Bradstone Museum suffered broken windows and damaged antiques. Officials argue vandalism remains a nagging problem rather than a crisis and credit community programs for keeping incidents low.
MENTIONED IN THIS ARTICLE
Susan Morrison
Journal
New North Saco
Cape Porpoise
Bradstone Museum
Saco
al Martin
John Dexter
Carter’s Energy Plan Preview Signals Tax Hikes and Efficiency Push
President Carter’s forthcoming energy package outlines include higher gasoline taxes, possible auto surcharges for low mileage, eased price controls on natural gas and oil, a goal to nearly double coal output, and incentives for insulation and efficient appliances. Schlesinger calls it the moral equivalent of war as preparations begin.
MENTIONED IN THIS ARTICLE
Washington
UPI
Carter
Kite House
James Schlesinger
United National Effort
Capitol
ABC: TV
Schlesinger
Congress
First family Saved on fuel bills
Washington reports the White House heating costs rose by more than twenty thousand dollars this winter yet adjusted figures show a 22 percent saving in February after President Carter’s thermostat reductions. The General Services Administration tallied $61,382 in steam heat from November through February versus $40,682 the year prior, a $20,700 decrease.
MENTIONED IN THIS ARTICLE
Washington
UPI
White House
Carter
General Services Administration
United Press International
Louisiana well seen source of gas supply
Researchers test a South Louisiana geopressure gas well to gauge vast underground hot water pools containing methane. If problems are fixed, a test could begin within a week at 12 000 feet deep to determine gas volume and whether water production will force sand into the pipe.
MENTIONED IN THIS ARTICLE
Avery Island
UPI
South Louisiana
O. Carroll Karkalits
McNeese State University
Lake Charles
Karkalits
Eagles vote to rebuild clubhouse after January fire
Fraternal Order of Eagles 804 members vote unanimously to rebuild at Birch Street site, with a one story structure and full cellar on the old foundation. The group may acquire adjacent property owned by Fred Fredette, likely for a parking lot, while neighbors raise concerns and zoning officials assess permits and boundaries.
MENTIONED IN THIS ARTICLE
Kathleen O'Connell
Order of Eagles
Birch Street
Eagles
Frank Crowley
Amvets
Biddeford
Crowley
American Legion Hall
Beach Street
Saco
Central Theater
Alfred Street
Fred Fredette
Eagles Club
Rowley
Fredette
Luc Angers
Ben Poirier
Poirier
Eagles Aerie Plans Rebuild at Old Biddeford Site
The Fraternal Order of Eagles 804 in Biddeford votes to rebuild at its Birch Street aerie site after January fire destruction. The Sunday vote approves restoring the chapter at the former location.
MENTIONED IN THIS ARTICLE
Fraternal
Order of Eagles 804
Birch Street
Biddeford
April 4 in history spans presidents deaths and King's assassination
On April 4 events include William Henry Harrison's death in 1841 shortly after John Taylor became president due to a death in office. In 1968 Martin Luther King Jr. was assassinated in Memphis and James Earl Ray pled guilty later.
MENTIONED IN THIS ARTICLE
William Harrison
Oe Uenerelee
John Taylor
Martin Luther King
Memphis
Tenn
James Earl Ray
Glass Razor Blades: A New Sharp Material For Shaving
Walter Siegmund of American Optical Company reports his second patent for glass razor blades used in shaving. He cites cost advantages over stainless steel and notes glass blades can be very sharp, though shave comfort remains a concern. More details on page 3.
MENTIONED IN THIS ARTICLE
Walter Siegmund
American Optical Company
Fiber Optics
Saco And Old Orchard Beach Plan Joint Crowd Control Program
Old Orchard Beach and Saco police chiefs announce a joint crowd control program for the summer. The plan includes a field training series with gear, aimed at rapid response to disturbances and improved mutual aid between departments. Deputy Tibbetts leads investigations, Officer MacLeod handles records, and Lt. Crowd control oversees the effort.
MENTIONED IN THIS ARTICLE
Old Orchard Beach
Richard Lamb
Ty Grey New
Lamb
Ace
Saco
Beach
Paul Tibbetts
Janice MacLeod
Pencil with teeth marks sparks a chuckle
A light humor item notes a pencil with bite marks as a playful measure of human progress and stubborn quirks, fitting the paper's comic brief.
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