Show Realtors Hear Director Gordon Utah director director director tor of the Federal Homes administration administration administration adminis adminis- assured more than members of the Salt Lake real es estate estate estate es- es tate board Wednesday noon that local real estate values will be sustained sustained sus sus- tamed during 1949 As featured speaker before a special luncheon of the board at atthe atthe atthe the Newhouse hotel Wednesday noon Mr pointed out the vital need for 2500 additional homes in the Salt Lake City metropolitan metropolitan met met- area He stipulated however however however how how- ever that the vast majority of these much needed residences should be in the bracket explaining that the market for homes which sell for more than is just about saturated He said that two factors the factors the high building costs and the backlog backlog backlog back back- log of housing demand will demand will keep real estate values at a high level in Salt Lake City for several years He appealed to the real estate men to consider catering to potential potential potential poten poten- home owners seeking houses which cost about houses which require a down payment of less than 1000 He complimented the real estate organization and The Salt Lake Tribune Salt Lake Lae Telegram for creating added interest in the in industrial industrial industrial in- in development of Salt Lake City F F. Orrin Woodbury local real estate exec executive tive spent a few minutes minutes min mm- utes at the meeting He recently returned from a tour of the east cast |