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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jul 14, 1973
Page
6
Chicago reports rapid growth in real estate investment trusts totaling about 11 billion dollars with over 140 publicly traded. Investors are drawn to high dividends as REITs must distribute 90 percent of earnings to shareholders, while managers must pick strong performers among short term construction loan, long term permanent loan, and equity REITs.
The Homebuyer's Clinic explains life insurance mortgages where a policy pays off the loan if the borrower dies. It advises precontract termite checks, noting mud tubes and rotted wood as signs and urges inspection. It defines galvanic action from joining copper or brass with galvanized iron pipes and explains blown insulation as a pressure fill with potential vapor barrier issues.
A Spring Air study, cited by Corman, finds three bedrooms as minimum in new homes with many featuring four to six. Master bedrooms average over 187 square feet, while secondary rooms exceed 11 by 11 feet. regional variations show Northeast leading in size and Dallas and California builders expanding master suites with private baths. Supersize bedding fuels the trend.
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