Word: realtors
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...study found that costs for heating, elevator repairs and garbage disposal were excessive, and that $50 million in modernization funds was sitting in local bank accounts earning low interest. HUD Under Secretary Donald Hovde demanded the resignation of all five CHA commissioners, including the chairman, powerful Realtor Charles Swibel, one of the mayor's closest allies. Swibel, 55, was appointed to the board in 1956 by Mayor Richard Daley. Chicago Political Analyst Don Rose describes him as "a do-fer. As in 'What...
...equal to the highest rate since the Great Depression. Perhaps the hardest hit of all industries is housing. Other Government figures released last week showed that in February, sales of new single-family houses dropped by 11.8% to the second lowest monthly rate in almost two decades. Says Realtor Marie Tighue of Trenton, N.J.: "It's a day-to-day battle to make sales." She recalls the bargaining for one house: "It was a $78,000 home with a $50,000 down payment and the rest in loans. The original mortgage was at 8.5%, but the bank said...
CAROL NIXON THEBAUT, 39 Realtor, Lake Park...
...after years of tight mortgage money and soaring prices. As soon as Reagan was elected, home prices began to rise. One three-bedroom condominium that had been on the market for nearly a year at $325,000 was hiked to $350,000 in November-and finally sold. Says Socialite-Realtor Vicki Bagley: "I guess the Reagan people are used to paying $2 million...
...shuffle is just beginning. Many Carterites are staying in lobbying and consulting jobs, so there are more Republican buyers than there are Democratic sellers. In addition, the Reagan Administration is taking its time naming a staff. Says Realtor Becki Donatelli: "Most of my clients say, 'I want to buy as soon as I find out what I'm going to be doing.' " One Ford Republican, however, was farsighted. When Carter was elected, he rented out his McLean house and moved back to California. But he put one clause in the lease: the tenant had 30 days...