Home costs set to rise further in second half of year
Washington reports growing evidence that mortgage rates will climb as housing prices stay firm. industry officials predict an 8 percent rise in new home costs by year end with higher rates in late 1971. Private unsubsidized housing starts may reach 1.3 to 1.4 million, total including subsidized units near 2 million.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ross M. Blakely
National League of Insured Savings Associations
Blakely
Coast and Southern Federal Savings and Loan Association
Los Angeles
National’ Property Outlook
Preston Martin
Federal Home Loan Bank Board
Savings and Loan
Martin
New Bedroom Look Adopts Military Style and Finish
The design presents a military inspired bedroom with 18th Century brass trim and a Bombay pecan finish on select hardwoods and veneers.
Salesman Earns Sixth Trophy in May
Dave Froehlich of Henderson Realty receives the salesman of the month trophy for May marking his sixth trophy. He has been with Henderson Realty around 542 years? and participated in over $5 million in residential sales. He’s been a member of the firm’s $1 million club for four years.
MENTIONED IN THIS ARTICLE
Dave Froehlich
Henderson
T Cr
Henderson Realty
Froehlich
Rio Verde Planned Community Approved Near Scottsdale
The Planning and Zoning Commission approved Rio Verde a new near Phoenix planned community north of Scottsdale to be near the Verde River. It aims to offer moderately priced homes in a largely self sufficient suburban setting spanning nearly 9 000 acres.
MENTIONED IN THIS ARTICLE
County ‘Planning and Zoning Commission
Rio Verde
Verde River
Scottsdale
Rio Verde Developers, Inc
New York Life backs Tempe apartment project
New York Life Insurance Company announces an 1.8 million mortgage for 14 one and two story apartment buildings in Tempe near Mill Avenue and Baseline Road. The 869 acre desert themed development by Rio Verde will have six phases with 600 homes each, recreation areas, pools, and shopping utilities.
MENTIONED IN THIS ARTICLE
Tempe
New York Life Insurance Company
Mill Avenue
Baseline Road
Avco to Buy 235000-Acre Green Cattle Co. Ranch Near Prescott
Avco Community Developers Inc with Paine Webber Jackson Curtis Inc gained options to purchase the 235000 acre Green Cattle Co. ranch about 50 miles northwest of Prescott. The ranch, mostly in Yavapai County with parts in Mohave, holds about 6000 cattle and is the state's largest continuous ranch. Purchase price around 10 million dollars. Avco plans to keep operations as a cattle ranch until development feasibility, with some areas possibly sold to private families and wilderness protected by forest wardens.
MENTIONED IN THIS ARTICLE
Avco Community Developers, Inc
Green Cattle Co
Prescott
Avco
Paine, Webber, Jackson and Curtis, Inc
New York Stock Exchange
Yavapai County
Mohave County
California
Also Mentioned on This Page
Scottsdale‘Daily Progress
Ray King
Rio Verde Developers
Pinnacle Peak
Tonto National Forest
McDowell Mountain Regional Park
Ft.~McDowell Indian Reservation
Page Land and Cattle Co
Crystal Blue
M/B. L.R
Mallorca
Vafha Conn
Wilesheary
Mission Viejo Company
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