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Banker Forecasts Home Building Boom
New York mortgage banker George W. Warnecke predicts a coming housing boom as middle income tenants shift to ownership when buying or building becomes cheaper than renting. He cites rent control end and higher prospective buyers, plus a need for stable long term financing and cautious appraisals to support sound loans.
MENTIONED IN THIS ARTICLE
New York
George W. Warnecke
Warnecke
Construction Industry Information Committee
Melvin H. Baker
National Association of Real Estate Boards
M.B.A
National Association of Builders
Warmecke