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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 14, 1977
Page
5
Arizona sees a rising demand for luxury homes with prices starting at 100 000 dollars. Scottsdale and Phoenix outskirts lead sales, with Tucson suburbs and Prescott region following. Buyers are typically 40 to 50 years old with larger families and careers in business or professional fields.
City reports 391 permits valued at 6.84 million in April up from 223 permits valued at 2.30 million last year. City Manager Franklin D. Aleshire notes inspectors averaging 36 daily inspections across building, electrical, mechanical and plumbing permits. Residential permits reach 158 with 4.95 million valuation including nine foundation permits. University Financial Investment and New Ventura, Western Management Associates, and other firms appear in multiple high value permits.
Property listings and market notes from Scottsdale Arizona reported May 14 1977, detailing local sales listings and housing opportunities. Includes brief notices on property prices, areas, and available units in the Scottsdale area.
Prospective buyers and burglars influence home security emphasis as MLS groups act. Denver Board of Realtors launches a member education program to curb theft during listings while San Fernando Valley MLS forms a security subcommittee with law enforcement. Some sellers opt out via waiver forms to bypass MLS processing. Security ratings tied to location lighting and alarms boost salability.
In a shift toward more multiunit housing, economists note rent versus buy costs are rising faster than incomes. NAHB economist Sumichrast predicts singles will dominate 1970s starts while multiples lag, with rents pressured by high rates and builder unprofitability. Professor Pearson cites a clear tilt to single-family homes.
Ben Brooks and Associates Inc. today opens a new location at 4320 N Scottsdale Rd Scottsdale moving from 7033 E Indian School Rd. The firm will grow its sales force from 20 to 35 to cover the area and remains part of the Real Estate USA referral system with other offices at 4811 E Lincoln Dr and 3241 E Shea Blvd.
Geoffrey H Edmunds starts Geoffrey H Edmunds and Associates at 7120 E Indian School Rd after leaving Murphree Edmunds Inc. The office shows architecture building construction interior landscape design features for custom homes with wood beams lighting cabinet finishes and ceramic tile along with renderings of projects underway or completed.
Kennon V. Rothchild president of the Mortgage Bankers Association of America predicts higher long term interest rates though near term signs are mixed He urges policy moves including limited subsidy for low income housing suspension of Davis Bacon and truth in lending rules and reduced lender paperwork for housing finance
A panel of Realtors and staff from the National Association of Realtors at the May meetings warned that the public does not grasp the seriousness of the energy shortage both in the United States and globally. They urged consumer education and accelerated insulation and renewables, noting tax credits for insulation run from April 20, 1977 to December 1984.
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