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Newspaper
Mesa Tribune
Location
Mesa, Arizona, United States of America
Date
Feb 10, 1994
Page
17
The National Realtors Housing Affordability Index rose to 140.5 in late 1993, the highest since 1973, reflecting lower mortgage rates and a stronger economy. 30 year fixed rates eased to 7.05 percent from 8.21 percent a year earlier, aiding home ownership gains.
America West Airlines shares dropped 25 percent to 2.38 after a volatile week marked by a 3.22 high and 4 million shares traded as investors weighed a $150 million equity need to exit Chapter 11. Analysts warned the stock could be worthless despite a 1993 profit and reorganization optimism.
Sandusky Radio will acquire KUPD and KUKQ from G&C Broadcasting for 20 million dollars. Chuck Artigue of KDKB will become general manager of the Tempe stations after FCC approval, expected in 90 to 120 days.
Arizona and 33 states sent delegations to Anaheim to recruit firms from California but protesters gathered outside a Marriott Hotel shouting save our jobs. The Arizona Department of Commerce and APS coordinated the effort amid seminars at a Southern California expo, with some firms showing interest in Arizona.
The 1994 Arizona Statistical Review shows Maricopa County median household income rising 73.7 percent from 1980 to 1990. Paradise Valley leads with 135.9 percent, followed by Peoria 123.3 percent, Gilbert 123.2 percent, Surprise 114.8 percent, and Chandler 114 percent. The report notes 53,343 county businesses, 58.6 percent in services and retail, and lists income figures for Mesa Tempe Chandler Gilbert and Scottsdale. Expenditures and permits data, age demographics, and export totals are included, with a request for a copy of the Review.
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