The Palm Beach Post from West Palm Beach, Florida on December 5, 1976 · Page 92
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The Palm Beach Post from West Palm Beach, Florida · Page 92

West Palm Beach, Florida
Issue Date:
Sunday, December 5, 1976
Page 92
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Page 92 article text (OCR)

F8 Palm Beach Post-Times, Sunday, December 5, 1976 Inlian Springs Development fit 800-acre planned residential community of luxury sngle-family homes and patio homes, is being de-vetopd west of Military Trail in Delray Beach. A joint ventue, of the Cadillac Fairview Corp. Ltd. of Toronto, Canaa, and EPIC Corp. of Delray Beach, Indian Spring eventully will comprise about 2,500 dwelling units similar to his one, 25 per cent of which will be luxury, cus-tom-bilt single-family homes in the $100,000 price range. aERYTHING YOU NEED FOR A REAL ESTATE LICENSE IFOR SALESMAN OR BROKER INCLUDING THE REQUIRED EDUCATIONAL COURSE 1 JUST A PHONE CALL AWAY. Bet Rodgers Schools of Real Estate, Inc. 1919 Piemier Row Orlando, Florida 32809 Local Classes Throughout Florida CALL TOLL FREE 800-432-0320 n Orlando Call (305) 855-5441 hh ft 0 T JJULJL Pleascend me information concerning: t Salesman License Course S Broker License Course NAME .ZIP CODE ADDRESS CITY .STATE TELEPHONE .... tYdL-:z&:;;t .fZJdzj 'w.u.; -j : ' - . , ,.y cj Mortgage Rates Likely To Drop Ispffl l U J IL I Cn J-WyJ u )(i S I Cn NEW YORK (AP) - The cost of home mortgages might be coming down in 1977. That pleasant prospect comes from the people who should know, the officials of the nation's savings and loan associations, who make the majority of home mortgage loans. "Savings are coming in at a great rate and we're starting to pile up money," said a representative of the U.S. League of Savings Associations, which is holding its annual meeting here. "When you've got a lot of merchandise on the shelf and you want to move it you lower prices," he explained, noting that savings held by the associations rose about $50 billion in the past year to a total of $340 billion. Homebuyers aren't used to good news of this sort, but in a way they can thank themselves. It takes savings to make mortgages, and a good many of those who borrow for mortgages are savers also. Those savings have soared in the past two decades or so, helping build total assets of the associations to more than $380 billion, compared with a mere $16.9 billion in 1950. Savers at the associations earn 5.-25 per cent interest on ordinary passbook accounts, and 7.75 per cent on six-year certificates of deposit. Hut borrowing charges have averaged about 8.75 per cent. Because of this spread, which the league calls "an unprecedented development during recent years," the associations have managed to significantly improve their sometimes unsteady earnings. It is for this reason that economists of the league now feel that a decline of one-half per cent on mortgage charges is likely in 1977, with an upturn in home sales following as a direct consequence. League economists now project 1.8 million new housing starts in 1977, compared with an expected total of 1.5 million this year. They anticipate an unusually large rise in the multi-family market. To the surprise of some people, the savings and loan people had a very good year in 1976 in spite of the relatively weak new-home market because of continued strength in ex-isting-home sales. This phenomenon has gone almost unnoticed in popular portraits of the housing market, but it has become a huge factor. Sales of existing homes are reported as strong throughout the country. Price, quality of construction, size and many other factors are offered as explanations of the strength in this used-home market, in which sales are expected to reach 2.7 million units this year. 3 BEDROOMS, 2 BATHS, SINGLE FAMILY HOMES ON YOUR OWN 7,500 SQ. FT. SODDED, LANDSCAPED PROPERTY. EXCLUSIVE SPECIAL PRE-CONSTRUCTION PRICES FROM riil l,Til'll lli'li1f1'lJ'H'L 1 d VI LVJ,llllJull,llliiilf:w:i,ilnH,ll'HlJ,l T u mm WATERFRONT APARTMENTS AS LOW AS . 311J)flD(D LIMITED TO FIRST 9 HOMES! UP TO 95 FINANCING AVAILABLE TO QUALIFIED PURCHASED! There are tome exceptional value in this most desirable area. Call our sales office for an appointment today. Now one of Florida's largest builders provides you with a rare opportunity to own your own home in the very heart of exclusive, exciting Boca Raton Country. Big new homes. Great designs and floorplans. Terrific features. Fabulous new location. The Great American Homes are designed to inaugurate the new boom era of single family living in the luxury of Palm Beach County. Homes at introductory, pre-inflation prices unheard of in these days of spiraling building costs. You can purchase a quality home, distinctively designed for Florida living with superior construction. Homes with spacious living areas, stainless steel kitchen sinks, extia-thick, energy saving insulation, fully padded carpeting, and much, ifiuch more. We're building these homes on sodded, landscaped 7,500 Sq. Ft. and larger individual lots with excellent waterfront locations also available. And qualified homemakers can buy these Great American Homes with up to 95 financing! 4h I PALM I r-R- BEACH I US INT 1 441 I AIRPORT LAKE lusl AMERICAN g boTnWi ( HOMES I I beach I I DJ7 5 DELRAY I l i fl BEACH I i I p I jpj I fe I if II BOCA A )w a II RATON I DEERFIELO BEACH I POMPANDRPAnH I III CORAl 5PHINOS pi N II II I 8 MARGATE JUST FOR INSPECTING THESE HOMES S0MF0NE WILL TAKE HOME A FREE COLOR TV. IT MAY BE YOU! Yes, 2 General Electric Color Portables will be given away. One on Saturday. One on Sunday. Both husband and wile must register to be e iaihlfl lor the drawinn. FT LAUDERDALE HOLLYWOOD INT AIRPORT -"O A beautiful adult condominium set by Lak Worth with instant access to the Intracoastal Waterway, right outside your door, low-rise, low density buildings preserve an intimate view. Close to nature, not 20 floors above it. Choose from an excellent selection of 1 and 2 bedroom apartments. V Yf UD fiftfi M ForUrnl Hum Directions: I-95 or Turnpike to Glades Road (Turnpike Exit 28) Go west to U.S. 441 then north 1 mile to models. OPEN DAILY 10-5 Tel: (305)392-3330 FREE REFRESHMENTS, BALLOONS FOR THE KIDS. COME EARLY Lantana (Where Federal Hwy. Meet Dixie Hwy.) Phone 588-7900 or 622-1600 Models mm Bra wwa msxzjSD AT BOCA RATON Managed By a wholly-owned subsidiary of Cenvill Communities, Inc. (listed on the American Stock Exchange). HwM ,hown ,,om M90 V ,ii-V''(,&i Daily . . . '

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