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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 19, 1977
Page
5
Major changes in home financing are expected to shape the 1977 real estate market with VIA loans expanding beyond California and banks offering floating rates. New concepts include super short term loans five to seven years, flexible payment plans, reverse annuity mortgages for retirees, deferred interest loans, and rollover mortgages as potential growth areas.
SUSAN KIRWIN profiles Barney Ramming a high school teacher who converted a 55-foot two mast sailboat into his home at Redondo Beach. He lives with Judy and two young children Robin and Ryan aboard the Vantage with a color TV, ship to shore radio, washer and dryer, and a navigational center. The family christened the vessel Vantage in 1971 after choosing the name as a vantage point to view the world.
City of Scottsdale issued 234 building permits in January with total valuation of 3 million, up 10.8 percent from January 1976. Notable permits included two condos valued at 169,504 and 128,360, a 150,000 dealership permit for Max of Switzerland, and 133,500 for a Paddock Pool Casual World addition.
James B. Phillips and Kent J. Donway launch Design Group Inc. to offer architectural, environmental planning and interior design services from 4131 N 48th St Phoenix. They work on Raffael's Arbor Restaurant projects and plans for offices and homes in Carefree Pinnacle Peak area.
AGNES EDWARDS reports that a Realtors panel at the National Association of Realtors convention predicts condominiums may house half the U S population in twenty years. Confidence rebounds, with national price gains, while oversupply concerns ease after 1976 surveys.
The Development Review Board returns the Madison House Scottsdale project by Danmor Construction Inc for redesigning. The 300 unit three story elderly complex would sit on 1Q acres at Miller Road and Earls Drive with 242720 square feet and needs adjustments to tile, a/c and parking. The board also approved plats for Carriage Square subdivision and Sweetwater Street East subdivision and approved several office and religious facility plans in Scottsdale.
Nearly 100 real estate brokers and sales associates met last week at the SunBurst Hotel in Scottsdale for an education seminar on helping families relocating between cities. The APRS regional meeting for Arizona, Nevada, and New Mexico is part of 18 such sessions nationwide by All Points Relocation Service. Ed Thirkhill of Ed Thirkhill Realty attended as the Scottsdale representative.
Real excitement among buyers in northeast Scottsdale to Sweetwater Street Phase II at Scottsdale Road and Thunderbird. Homes range 1 800 to 2 150 square feet with 3 to 5 bedrooms, priced from 18 990 to 304 900, featuring custom cabinetry, energy saving features, and semi custom designs by Dick Raskin Better Design Inc. Trans Western Associates handles sales.
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