Mortgage rates ease but buyers scarce amid skepticism
Mortgage rates may drop from a high of 11 percent to around 8 percent this year, says Jim Thompson of the U S Savings and Home League, as cautious buyers hold back. In Washington, Fed Chair Arthur Burns argues against a rapid money-supply surge, warning inflation remains a threat while pledging limited stimulus.
MENTIONED IN THIS ARTICLE
Jim Thompson
U.S. Savings and Home League
Chicago
Federal Reserve
Washington
Arthur Burns
Fed
Burns
Sunrise Villas
Scottsdale
Business Condos Seen as Bright Future For Office Space
Mortgage Banker notes office or business condominiums show early signs of strong profitability for developers and buyers. In North Palm Beach, attorney and doctor tenants illustrate cost savings from buying versus renting and highlight potential tax shelter and equity gains. The Orlando area Maitland Square has sold 18 of 25 units with strong demand, while selective conversions turn buildings into condos attracting professional buyers.
MENTIONED IN THIS ARTICLE
Mortgage Banker Magazine
Mortgage Bankers Association of America
MBA
Trevvett Matthews
Matt
Orlando, Fla
Maitland Square
Winter Park
Fla
Savings and Loan Association
Druggest
S&il
Canadian mortgage reform offers lessons for U S style lending
The piece argues Canada solved long term mortgage funding by using five year fixed amortizing loans matched with five year GICs. Borrowers refinance with the same lender at current rates after five years, keeping payments stable and aligning rates with true market conditions while avoiding heavy indexing or large balloons.
MENTIONED IN THIS ARTICLE
Oliver H. Jones
Pennsylvania Avenue
U.S
Guided Tour Of Wright And Soleri Complexes Planned
Scottsdale Community College schedules a two-site guided tour in north Scottsdale including Taliesen West by Frank Lloyd Wright and Paolo Soleri's self-contained city project. The SCC Activities Office arranges the educational tour. Donation is 3.50 per person for guides and admissions.
MENTIONED IN THIS ARTICLE
Scottsdale
Paradise Valley
Scottsdale Community College
SCC
Taliesen West
Frank Lloyd Wright
Paolo Soleri
Condominium Owners Seek Tax Break Charge Beall Bill
The National Condominium Owners Association backs Senate Bill 63 to bar IRS taxation of condo associations. NCOA president Donn R. Smearlie says rules penalize groups with unused reserve funds, in some cases taxing up to 48 percent. Smearlie says owners already pay income tax on funds, yet reserves trigger extra tax. The group campaigns via letter-writing to urge support for Beall's measure.
MENTIONED IN THIS ARTICLE
National Condominium Owners Association
Glenn Beall
Maryland
Internal Revenue Service
Donn R. Smearlie
NCOA
IRS
Sen. Beall
Smearlie
Beall
Realtors on ASU panel Women in Real Estate
Scottsdale Realtors join a panel titled Women in Real Estate hosted by the Real Estate Association of Arizona State University. Speakers include Sally Goodale of Scottsdale Toni Steward and Gloria Lennox at 3 p.m. Friday at Anchorage Hawaii Restaurant 530 W Broadway Tempe.
MENTIONED IN THIS ARTICLE
Scottsdale-Realtors
Women In Real Estate
Real Estate Association of
Arizona State University
Anchorage Hawaii
W. Broadway
Tempe
Sally Goodale
Scottsdale
Toni Steward
Gloria’ Lennox
NAHB Opposes FTC Energy Cost Model Feasibility
NAHB protests a proposed FTC rule requiring homebuilders to estimate annual utility costs using model calculation procedures. NAHB official Richard J. Canavan told the Senate Commerce Committee that the procedures are practically infeasible to predict normal heating and cooling costs, citing factors like family size lifestyle temperature preference and housing maintenance.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
National Association of Home Builders
Senate Commerce Committee
NAHB
Canavan
Also Mentioned on This Page
Senate Banking Committee
Burn
Ominium
Robert Malt
North Palm Beach, Fla
Richard Eugene Clark
Squires
Malt
North Palm Beach
U.S. Treasury
Scottsdale Board of Realtors
Orv Herzog
Geneva Estill
Bert Loltafsan
Ondominium 1
Ashes Tax
ASU
FTC
Richard J. Canavan
Cavecreek Rd
Carefree Dr. Carefree
Arizona
Jon Vaccaro
Assoc
Vista DR
Camelback RD
Haparral Chap
Phoenix
Miller Rd
Chaparral Rd
7Th St
Vista Drive
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