Housing market defies logic as starts and prices surge in 1970s boom
New York AP notes housing starts rose 31 percent in March and 6 percent in April to 2.19 million, while existing home purchases reach 3.77 million. Analysts cite desperation and investment reasons for price increases, with buyers risking large down payments and rising mortgage costs as prices climb from 41 000 in 1977 to 46 500 in 1978 and potential further rises.
MENTIONED IN THIS ARTICLE
New York
Judges order investigation of sheriff in Richland County
Former Ashland County prosecutor Joseph Murray will head a probe into the Richland County sheriff's department, ordered by four common pleas judges after the Mansfield News Journal’s series on alleged corruption. Murray will interview informants and, within 10 days, decide how long the investigation will take before returning to the court for staffing and directions. Sheriff Thomas Weikel, a Republican, and Murray, a Democrat, say politics do not influence the inquiry.
MENTIONED IN THIS ARTICLE
Mansfield, Ohio
Richland County Sheriff's Department
Ashland County
Joseph Murray
Richland County
Common Pleas
Mansfield News Journal
Murray
Thomas Weikel
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