Half of American families can't afford new homes in 1975 analysis
Economists Kenneth Thygerson and Dennis Jacobe of the U S League of Savings Associations warn that rising mortgage rates and house costs push about one-half to two-thirds of U S families unable to finance a new home. They cite 1965 22 9k vs 1975 42 6k and mortgage payments rising from 115 92 to 290 for 20 year loans, with many households earning under 15k limiting affordability.
MENTIONED IN THIS ARTICLE
James J. Mitchell
Copley News Service
U.S. League of Savings Associations
Kenneth J. Thygerson
League
Dennis Jacobe
Thygerson
Jacobe
Savings & Joan News
Savings and Loan Industry
Thygerson and
Dinner to honor planning chief retires Maricopa County official
Testimonial dinner June 4 in Phoenix will honor Donald W. Hutton who retires June 30 as director of the Maricopa County planning department. The event, in the Colonial Room at Ramada Inn East, 3801 E. Van Buren, begins at 7 30 p.m. Tickets are 7 50 and may be obtained from Mel Davis or Cleo Patterson at the County Planning Department. Reservations due by May 14.
MENTIONED IN THIS ARTICLE
Donald W. Hutton
Maricopa County
Spring cleaning tips to boost home value and sale
The article urges thorough spring cleaning for homes on the market. Key steps include removing mildew before painting exterior wood with a primer, choosing good paint, trimming lawns, scrubbing the front door, touching up interior walls, and fixing leaks, squeaks, and warped drawers to improve appeal and value.
Father of Four Builds Home From Beg, Borrowed Parts
Dan Woollett 26, father of four, built a 3 bedroom house on 13 acres by using begged, borrowed and donated materials and a self made sawmill. He started in April 1974 and estimates spending under 500 dollars while equipping the home with modern conveniences and no mortgage.
MENTIONED IN THIS ARTICLE
Lacey
Wash
Dan Woollett
Woollett
Realtors official says industry is improving
H. Jackson Pontius of the National Association of Realtors reports the housing market shows overall improvement with ample mortgage funds, down payment options, brisk new and existing home sales, and a 1.5 million annual rate of housing starts. New home prices rise in double digits while February new home sales reach 646000 and mortgage lending is set to grow.
MENTIONED IN THIS ARTICLE
H. Jackson Pontius
National Association of Realtors
Association
Department of Economics and Research
Pontius
Also Mentioned on This Page
Scottsdale
Baily Progress
Errickson
Caudron
Stalcup
Schellhorn
Scottsdale Realtors
al Gazley
Weldon Minchew
Linda Schellhorn
American Title Insurance Co
Third Ave
American Title
George Caudron
Sandpiper Scottsdale
Jack R. Sombrio
Tempe
Sandpiper
Midwest
Raymond J. McNulty
P.E
Johannessen & Girand, Consulting Engineers, Inc
McNulty
Arizona State University
Inter-Marketing, Inc
Ogden
Utah
Loyal C. Stalcup
Century 21 — Stalcup Realty
N. Scottsdale Rd
Century 21
Stalcup Realty
Inter-Marketing
E.W. Errickson
John D. Noble & Associates, Realtors
Christown
U.S. Title Life
Sun City
Noble Organization
Rich Rector Mgr
North Scottsdale
Paradise Valley
Rich Rector
Stenford
Rich
Westinghouse
E. McDowell
Ofa
Squaw Peak Area
Realtors
Mehagian
McCornick Ranch
Eoditat
Collector's Room
Otto
Raphers
Sele Chace
Eer
Rene
Nadler
Reine
Pela Riel
Aie Earis
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