12 MONTH CERTIFICATE 4.25W0 4.31% First Rate Rates. INTEREST RATE A.P.Y./* These are fixed rate certificates of deposit that are insured by the Federal Deposit Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00 is required to obtain the stated A.P.Y. 24 MONTH CERTIFICATE 5.00% 5.09% INTEREST RATE A.P.Y./ Call 338-7700 352-7700 60 MONTH CERTIFICATE 5.25% 5.35% INTEREST RATE AA.P.Y./'kf FIRST SECURITy SAviNc,s BANk "First in Service" Main Office 2600 Telegraph Rd. Bloomfield Hills. MI 48302 * Annual percentage yield when compounded quarterly. Rate is accurate as of 6/10/94. Penalty for early withdrawal from certificate accounts may be assessed. EQUAL HOUSING LENDER FATHER'S PAY IS JUNE 19th Dads are Special CREATE A TIE PATES: (No Age Limit) Saturday, June 11 — Noon to 6 p.m. THE DETROIT J EWISFf NEWS Thursday, June 16 — 4 p.m. to 7 p.m. 54 SHOP PING LIST F- CoR. 1=ATH1 ~ R'S CLAY III Jogging Suits $40 ■ Walking Shorts from 120 ■ ■ ■ ■ Casual Pants from $30 Short Sleeve Press Shirts form $20 Short Sleeve Sport Shirts from $10 Belts and Braces from $17.50 Don't forget to look at our large selection of ties, socks, belts, jewelry, forma wear and accessories ALWAYS 20-05% OFF RETAIL 19011 W. Ten Mile Road • Southfield, MI 48075 (Between Southfield and Evergreen) Men's furnishings and accessories 41111 ■ Factors point to a good year in the residential real estate market. R.J. KING SPECIAL TO THE JEWISH NEWS B ecause of an improving and the upcoming property trans- economy, relatively low in- fer tax (it will take effect Jan. 1, terest rates, a surge in au- 1995) will have an impact on the tomotive sales and lower construction industry, but we property taxes, the residential don't know how large at this real estate market in the Detroit point. We hope it will be mini- metropolitan area should have mal," said Robert R. Jones, pres- a solid year, especially in single- ident of BASM and a developer family homes in outlying com- based in West Bloomfield. munities, developers say. Mr. Jones said builders are "We're excited about the concerned about the volatility of prospects. Orders for new homes lumber prices and supply. With are up 40 percent this year over the Clinton administration push- last and traffic has doubled in our ing more environmental laws to model homes," said Scott Jacob- preserve natural resources, the son, president of the S.R. Jacob- lumber used in an average home son . Development Corp. in is up $3,000 over a year ago, he mg am rarms, wnicn nas built over 1,000 homes and condominiums since 1978. "The trend in the market is people are buying bigger. We've seen a resurgence in the upper end as executives start getting bonuses again," said Richard Komer, president of the Wineman & Komer Build- ing Co. in Southfield, which has built more than 500 homes and condos since 1976. Real estate agents expect the March tax vote on Pro- posal A to increase sales. Michigan voters decided to re- duce property taxes 65 percent Single-Family Residential Building Permits For Metropolitan Detroit (810) 352-1080 Scott Jacobson: "Excited about prospects." said. "While the single-family mar- ket is on the rebound, multi-farn- ily construction is close to hitting bottom," said David Seiders, chief economist for the Nation- al Association of Home Builders in Washington, D.C. "We're still paying for the overbuilding mistakes of the mid-'80s," Mr. Seiders said about SOURCE: Builders Association of the multi-family slowdown. Southeastern Michigan, Farm- In other news, BASM report- ington Hills. ed the latest luxury features within homes include master- on average in return for increased bedroom suites, fitness areas, levies on consumer goods, ciga- home offices, combination rettes and home sales. whirlpool showers and sophisti- According to the Builders As- cated technology for security and sociation of Southeastern Michi- home entertainment systems. gan (BASM) in Farmington Hills, "When we go into older homes single-family home permits are and remodel, the areas that peo- projected to rise 10 percent in 1994 ple see as inadequate are the over last year. Total single-family master bathroom and closet permits in BASM's seven-county space. In new homes, those areas, region were 11,819 last year as along with the master bedroom, compared to 11,716 in 1992. receive a great deal of attention," There are some dark clouds, said Alfred Tobocman, of Toboc- however. man Architect and Custom "We know rising lumber prices Builders in West Bloomfield. 1. Canton Township — 539 2. Macomb Township — 430 3. Troy — 412 4. Shelby Township — 374 5. Orion Township — 371 6. Novi — 362 7. Sterling Heights — 312 8. Waterford Township — 310 9. Clinton Township — 296 10.Washington Township — 262 For only $15.00 The Shirt Pox will supply the tie, paints and supervision so that you may create a tie for Dad. Perry Ellis Dress Shirts white blended $23 white all cotton $27 Home Sweet Home January to December .1993 (latest figures available) And their ties should be too! ■ tqq11 04411 K