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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Aug 22, 1983
Page
7
A Coral Gables law firm reports a renter’s market revival driven by rising mortgage rates and rent concessions. The Fromberg group cites a national study based on talks with investment groups and financial organizations, highlighting shifts from home purchases to rentals and favorable money market investments.
Real estate firms report a boom in sales of new and used housing as mortgage rates drop, then a halt when rates rose above 13 percent. Couples save on down payments by opting for three month rental concessions, enhancing affordability and freeing funds for furniture or short term certificates. Active rental markets span Atlanta Denver Fort Worth Dallas Florida coast areas Jacksonville Lee County LA Phoenix San Diego DC. Garden apartments attract couples and bachelors while single women favor high rises for security. city rentals grow as urban amenities draw 24 to 34 year olds. Condomania slows with some rentals reverted from condos.
Adriane Broderick, a 2-year-old from Minden, Louisiana, who had a federally funded liver transplant, developed complications. Doctors at the University of Minnesota Hospitals operated for more than three hours, then resumed surgery late Saturday night. she died on the operating table Sunday.
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