Show Local Building Operations y Reflect Healthy Activity v Y Realty Realty- Board President R Reports ports Many New R Residents Great Greater l' l confidence than has been m manifest In years au is now now being shown toward toward Salt Lake real es estate estate estate es- es tate tate- according to Bert C. C Palmer president nt of the the Salt Lake real es estate estate estate es- es tate board The optimism that prevails toward Salt L Lake ke and its future development de de- development development de- de Is reflected daily dally in the attitude of or newcomers mers to the elt city I do not think it a an exaggeration to state that at eat least twenty five new families have settled in in Salt Lake each week during the last lat few months While hUe various arlous Industrial industria I developments including the gas co company pany the Shell Oil company and similar enterprises have served to attract new people to Salt Lake the general recognition of this city's Importance as a distributing center also is attracting families sa says s Mr Ir PalmerAs Palmer PalmerAs As a a result of this influx which is the greatest of its kind in many years real estate conditions in Salt Lake long in the doldrums so far faras faras faras as new homes are concerned are improving Salt Lake is peculiar among cities clUes of similar size Inasmuch as asIt asit asit it has never overbuilt The margin between occupied homes and va vacant vacant va- va 1 cant homes has always been very narrow and at th the present time Salt Lake is acc accommodating almost its Us limit MUCH ACTIVITY There have ha been substantial building activities this spring and between and homes will be built during this summer Present indications are that this activity will no more than accommodate the normal needs of the city and when builders realize the trend of affairs additional building programs program probably probably probably ably will be launched It has come to my attention that prospective purchasers of homes have read announcements of new operations and nd have jumped at the conclusion that with so many new homes coming on the marl market et that b buyers soon will be able be able to 10 pick and choose at their own ence It is my opinion however that the present condition will however prevail prevail prevail pre pre- vail for considerable time and that Salt Lake realtors will enjoy an era of healthy activity On numerous occasions during the the- thelast last few weeks ni my nw attention has been called to individuals who arrived in Salt Lake to locate and who planned to rent a house With practically all of Qt the city's available available avail avail- able homes already tented rented the newcomers newcomers newcomers new new- comers li have ve decide to buy their own places and assure themselves a place to to live ol of the sort they de de' sire sire SIGN OF TIMES Decision of large chain department department department depart depart- ment stores to establish new businesses businesses businesses busi busi- nesses in Salt Lake can be regarded as a sign of the times and a reflection reflection reflection tion as to Salt Lake City's desirability desirability desirability desira desira- from a business standpoint When hen a concern like the R. R II Ir Grant Glant Co will 1111 enter into negotiations such as marked the rec recent nt Granada theatre transaction it appears that Salt Lake is being recognized by outside interests as one of the potential potential potential po po- po- po business c centers of the west The Grant Glant company operating stores selected Salt Lake as its Us first location west of the Mississippi Utah and Salt L Lake ke are are profiting at the present time from front California's Califor Califor- California's nias nia's transient nt overflow population California's dab elaborate orate advertising campaigns to attract newcomers has resulted in that state approaching approach approach- In ing its saturation point As a result re result re- re sult suIt thousands of people from the east and middle west encountering difficulties in getting what the they want in C California California- yet sold on th tip the idea of living in the west are turning turning turning turn turn- ing their attention to Salt LakeIt LakeIt Lake It is safe to predict that s several millions ns of dollars will be spent for additional Salt Lake homes during the course of the next year ear or two |