Show Boom Predicted Housing i By Head of Real Estate N Ns s Board After Home Survey H Louis C C. Kimball Says Big Home Ownership C Campaign Under e z Way a in Utah rah l By LOUIS C. C KIMBALL IBALL 4 President of the Salt Lal Lake e Real Estate Board The greatest home ownership campaign in history is now underway under 1 way in Utah far exceeding anything undertaken here before Real 3 estate prices will make rapid upturn reaching previous heights it if is J predicted by the Salt Lake Real Estate board following an e fl sive save survey of current currant economic trends I r tr The present rate of absorption o of residential space coupled with other present economic factors indicates a definite upturn in real estate levels The undoubting of families who who f have lived previously with others other families in single residential units last spring practically equaled the f then total number of ot existing vacant residential units t The Salt Lake real estate board va v t 4 cancy survey urvey of Salt Lake City taken November No 1934 shows per cent homes occupied leaving only 14 10 pet per r cent vacant Of these there were only 22 houses valued at vacant mor th than n and only 3 per cent under three years old at nt the time this Fury urvey ur- ur VC vey was made r 36 Permits Issued There have been only 36 building l jt Permits i ed during the ten months month of ot this year car while In 1925 a peak 4 year there were homes built at total value of ot and during ta t t. a year ten period from 1921 to 1930 t s the average number of homes built was per year r rAn An important factor In the situ situ- i i tion Is the rental adjustment going 5 on where properties have gone from irom weak ownership to stronger owner owner r owner ownership ship and md to more skilled management which means a decided increase In Ini in rents This recovery Is greatest in to inlow l low nv cost property units A surprising number of homes home J f have been sold to former home own own- who lost their holdings during the they depression but who are on the roae road now to financial rehabilitation Used see homes are still selling for a great 4 deal less money than they the will be bt by by 1 tJ next fall Buying Time Here lIere If It there ever was a time to get th the i most home for the money moncy in a used home it is now The cost of new con COn- 4 has reached the 1930 pries pric level The hundreds of delay delayed d marri marriages mar mar- ri arc are now taking place ren rents rent are climbing higher and the shortage of houses is bound to continue to climb to a peak perhaps higher than we had in 1926 r. r Because of the acute shortage of ot homes there w will be a demand for reconditioned reconditioned reconditioned re re- re- re conditioned homes and new homes 1 which will be made possible by th the i r. r money that will be available through t the government loan agencies |