Show fi S SAUT LAKE CITY lt r Expect t. t furs iture for Utah Board Secretary Points to Factors Indicating Bright Mart Outlook By CLARENCE D. D WILLIAMS High prices may have stymied construction In Salt Lake City and Utah shelving more than worth of at building as a. reported by architects and contractors but the picture in real estate is a abright abright abright bright one So reported Richard F. F Harding executive vice president Salt Lake Real Estate board Friday when asked for tor real estates estate's views view on on the current building situation Gloom dispensers make the great mistake of comparing everything everything every every- thing with 1946 peak year of ot all years whereas an analysis of the thereal real eal estate market over the years Is necessary to paint the proper picture declared Mr Harding The most popular subject of conversation con- con now is prices Strangely enough its it's always the other tellow's tel fel- lows low's price they want reduced Ed Editors Editor I t 0 rl note This Is the fourth of a n series of articles dealing with conditions In the construction Industry In Utah He said factors which reflect real cal estate conditions point to a continued active market He produced produced pro- pro figures showing that durIng during dur- dur Ing ng the first quarter of 1947 1022 sales were reported through the boards board's multiple listing bureau having laving a total valuation of 9 compared with with the top year of all all 1946 when there were vere 1502 sales for the quarter with n ft valuation of During the first quarter of 1945 sales having a value of was reported said Mr Harding larding Thus the total sales volume for the first quarter of 1947 is approximately 20 below the he same period of 1946 but the 17 9 sales are 33 3 1 ahead of oftie the tie corresponding period of ot 1945 Tells 47 n Rise Mr Harding said real estate bo board r l records show that during the first quarter of 1940 sales were vere made having a valuation of which was considered n a boom year He added that 1947 figures in comparison show shown an n increase of about Strength of the market Is further urther indicated by the sales reported reported re- re ported through our bureau durIng during dur- dur Ing ng April 1947 which totaled 3 compared with in n April 1946 an Increase of The way I see It ft the demand continues to present Itself in all forms of realty the majority of sales ales however being of homes Mr Harding said residential occupancy occupancy oc- oc stands firm at 1000 witha with n a great backlog of unfilled housing requests and pointed out that continued large number of eviction eviction evic- evic tion ion suits indicates a shortage inthe in inthe the tie residential market rather than thana a weakened rental collection Explains Relief He explained the slight Increase I in n the number of families on re reef relief relief re- re lief ef rolls is not in the least impressive impressive im- im In this picture He added the he drop in the number of marriages marriages mar- mar lages has been due chiefly to a a. lower ower incidence of veterans veterans' releases re- re leases cases We anticipate an nn Increase ase InJune in inJune June une marriages and an Increase In Inthe inthe the he number of families which will wm create even a greater de demand n for 4 housing lousing he asserted Mr Harding concluded by admitting admitting admitting ad ad- there are excesses in the prIce structure and added There also Is a dangerous phIlosophy of doing less for more pay ay that needs revising Competition tion lon and free enterprise are the antidotes not blind and indiscriminate IndiscrimInate in- in discrimInate buyer r res resistance e s i 1 s t tan a n c e which Is nothing more or less than slowdown tactics in reverse The federal gov government has contributed ed d greatly to Inflation |