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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 27, 1973
Page
4
Toledo based Scholz Homes markets panelized factory built homes in 35 states. The firm touts the Design Collection of three series and ships pre-cut, prehung components for local assembly and customization by builders.
Kaiser Aetna develops Pleasant Run on the McCormick Ranch, a 9.5 million project with 195 cluster homes on 30 acres. Homes range 1,310 to 1,820 sq ft with air conditioning, formal entries, beamed ceilings, balconies, dining rooms, and two car garages. prices start around 1,900 and conventional financing is offered.
A seminar on Arizona s new landlord tenant residential act will be conducted by the Arizona Apartment Association on December 8 in the Financial Center third floor conference room from 9 a.m. to 3 p.m. Phoenix attorney John McLoone and John Theobald will lead, with a 25 dollar fee and 55 attendee limit. The session covers obligations and remedies under the law effective August 8, and past sessions attracted over 200 participants.
George C. Martin of the NAHB testifies before a banking subcommittee, urging a housing program to curb inflation and end the boom bust cycle. He cites July 5 monetary actions, calls for tax surcharges, selective credit controls, cuts in military spending, and steps to restore mortgage funds and subsidies.
Walter B. Williams was elected president of the Bankers Association of America for 1973-74 during the MBA's 60th annual convention in New York. Ezzell and Howard were named first and second vice presidents respectively, with Franklin Briese reelected treasurer.
Realty Executives Inc. launches its first commercial and income properties division occupying about two thirds of Executive Plaza in Phoenix. Ken Mubarak, formerly of Northwest Phoenix, leads the new unit with specialists in development land commercial sites business opportunities leasing syndication and office buildings. Executive Plaza was built by Spencer Development Co with Charles Spencer as president and Realty Executives member.
Trends in Mortgage Banking reports 1972 as an outstanding year with a record loan volume exceeding 30 billion and servicing reaching 101.1 billion. Single family lending rose to 13.3 billion, with conventional loans at 2.2 billion and FHA and VA totals at 6.1 and 4.9 billion respectively.
George Bernstein announces stricter controls on land purchases effective December 1 with a mandatory property report detailing liens and use restrictions. He notes lawsuits health department obligations and utility issues must be disclosed while authorities tighten protections for consumers amid complex real estate activity.
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