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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Mar 19, 1977

Page

5

Condominium market matures

The condo craze of the late 1960s and early 1970s sparked rapid development. Architects and developers ran around the clock to meet eager demand while investors and lenders competed for backing. Urban and suburban buyers embraced ownership through home owners associations as a new housing trend.

Robin Maydeck Copley Home Owners’ Association

Condo Phobia Recedes as Condos Enter Maturity Phase

The condo boom from 1974 to 1976 collapsed into a glut as buyers hid funds in savings and lenders faced millions in unsold units. Donald Bowen of the National Association of Realtors notes condo development has moved past crisis years into maturity with a second generation of uncertain twists ahead.

Donald Bowen National Association of Realtors Bowen

Real Estate Briefs Resident joins marketing leadership in Phoenix area

Tom Woods of Scottsdale named director of marketing for Stewart Title and Trust of Phoenix. An eight year title industry veteran and former Phoenix Young Man of the Year, he also served as Scottsdale Realtors Affiliate of the Year in 1974 and officiated Little League Baseball, including umpiring the 1976 Little League World Series in Williamsport. Ed Caliendo announces a $480000 Centre Court Racquet Ball and Health Spa at Seventh and Turney in Phoenix on 14 acres with a two story 16400 square foot building opening planned for August. John Eldo Brown designed it and Stanley Construction Co. is the general contractor. Coldwell Banker Management Corp. will handle State Farm Life Insurance Co. loan origination in Arizona and Colorado and servicing for loans originated there. Donald Traister named vice president and Tucson manager for Sutter Trust Co. He previously worked as Phoenix loan officer and is 1972 ASU graduate.

Woods Phoenix Scottsdale Board of Realtors Western Williamsport Ed E. Callendo Scottsdale Caliendo Realty and Development Corp Seventh and Turney Avenues Centre Court John Eldo Brown Stanley Construction Co

Keeping Home Costs Within Budget Tips for Buyers

AGNES EDWARDS of the Scottsdale Board of Realtors outlines how much home cost fits a budget. She notes the 2 to 4 times income rule is outdated and suggests analyzing current spending, cutting entertainment, and comparing mortgage terms to reduce long term interest. She also covers down payments, loan length, and settlement disclosures under RESPA, emphasizing questions at loan shopping.

Agnes Edwards Scottsdale Board of Realtors Housing

North Scottsdale Medical Plaza to Open First Phase June 1

An artist’s sketch shows Kaiser Aetna’s 2.5 million dollar North Scottsdale Medical Plaza in the community core. The 23 000 square foot first phase will open June 1 and provide physician offices and a 24 hour emergency clinic. The 5 000 square foot clinic run by Medical Services Ltd will handle x rays stabilize critically ill or injured patients before transfer and relieve crowded area ERs. The building sits near Pima Road and Shea Boulevard by North Scottsdale Associates serving Paradise Valley and North Scottsdale residents.

Scottsdale Medical Plaza Kaiser Aetna Medical Services Ltd George Stavros Pima Road Shea

Winter Freeze Cuts U.S. Existing Home Sales in January

National Association of Realtors reports 206000 existing single family homes sold in January at a seasonally adjusted annual rate of 3190000, down 8.1 percent from December. Regional declines were 8.6 to 10 percent in the South, North Central and West while the Northeast held steady. Median price rose to 39600 overall but fell in the Northeast and rose in the West.

United States National Association of Realtors Kenneth J. Kerin Association Kerin Northeast North Central

Also Mentioned on This Page

America Tom Woods Stewart Title and Trust of Phoenix, Inc Coldwell Banker Management Corp State Farm Life Insurance Co Bloomington Arizona Colorado Coldwell Banker State Farm Donald Traister Sutter Trust Co Tucson Traister Arizona State University Casa Grande Coolidge Ior Terra Stoy Scottsdale (Az Daily Progress Paradise Valley Country Club Russ Ruh Golden Heritage Heritage East Papago Buttes Camelback Mountain Somien Epachs Schlage Thomas AD Lewis Atawam Sestage Lou Regester Price-Pfister 60Th Street Thomas Golden Heritage Homes Sartahoel Lite Eet Oak ST
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