New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-03-06

land and many people IN consequence
,o, min lint these prophecies have not as YET been
td6lled nor the snticpations oil properly "o,'e''
,,;.oa ,,a ,no here express oor belief that there
. No .,as. f ,rocery in this city or vicinity that has
80, - r,,Ie a. real estate since the commence
'r,o, Within Fix or eight months af,er
the fr, proclamation Of the PRESIDENT calling upon
;,:.'. % dsfud the capital, business in this line
a, N.r.york WAS confined almost entirely TO the
i..,,,n of warehouses and ediees which were
,,omeueed during the previous Fall or Winter, and
,,,rno The tast twelve months the real estate buzz
legs has been unusually dull brokers and architec,'
have done but ttleso little, in fact, that some Of
them shut up shop 10 despsir and went TO the war.
A promineus architec' Of this city informed u,
zone time ago that for the past eighteen months he
had scarcely drawn lipe aud that ont of lfsen oil
tgenty Of the most capable drsughtsmsn in the
.oupry, whom he formerly employed, he now
retained only one. For months and months scarce
sale wss Effected by the brokers, but whenever one
did lake place, DO disposition was evnced 10 inhac
cry sacrifice, and property-hcders VINO "e'e
6esirous of dsposing of their estates lre'eI''
holdina on sooner than sell at a acriice Inc
march of Improvement that was taken mp WIN 'ne
widening Of Dey street only came to q halt ABOUT
twelve or eighteen months ago, having meantime
uu,bed steadily forward. browning the ses OF the
Hnov brick dw ellings in the Third and Fifth Wards
With magnificent MISUNDERSTANDING tower
mo marble fronts on Broadway for oldfashioned
and ipeopvenient structures, end covering the
uoeyen rites Of the Fifth avenue, far above Murray
Hill. with Islatal residences. For twelve months
arlG a
parade rest" but within the past six or eight
veeks the line has again broken int column, ana
taking the orders that have been pouring into tie
sces Of the real estate brokers' aud other business
hdica,ious, as criterion, we spprebend that the
march will ere long be resumed, and whether we
have oar or peace, will be pushed steadily forward
Since the fret Of the current month, which Is the
commencement of the period when families make
their arrangements for the coming year, the real es
ne brokers have been completely over-run with
tusiness The supply of dwellings has been very
limited, and the demand fer in advance Of the sup
NV. We find that there is great scarcity Of houses
hanging FROM $500 10 $500, aud much greater scar.
city Of dwellings ranging from 81 900 or 81 200 to
tOO0 per snnum. The inquiry for first class houses
sp the fashionable avenues and the streets
hss been constantly increasing during the past sA
or eight weeks, and at present there seems to be a
perfect mania for this description of property. We
would here remark, thu, for the present year rents
tsve been lower than for many years previous, al
though frstclass buildings held their own-but for
pext year it is believed that they generally will
range As high, if not higher, than at any period
within the past year. Hundreds Of persons unable
70 obtain dwelling such as they desired within the
limits Of reasonable rent, have been driven to the
purcbas Of house, and in consequence the market
tss been stocked with buyers during the month, and
IT'S constantly supplied with new parties. Dealers
prophecy that large sales will DO reported during
March, and onward, aid tat there will be an in
crease in the value of real estate much beyond its
prsseD, mark.
Beside those pnichasing dwellings for occupancy,
Eere are capitalists in the market for the best class
Of property, who are investing largely. Recently,
here have been heavy Investments in commeresl
property by foreigners and by parties from various
sies of the United States, several miliens having
been put into this clsse Of property by the partis'
famed and by trustees for minor heirs, females
&C. Oh the ground that reality was the only fafe
Investment after all, and free from the fluctuations
and hazards of Wall street and the Stock market
So great 10 the activity among our real-estate
olers and buyers, that it is difficult to gain tho a.
kDaon of many Of them long enough to obtain an
opinion and give an order intellgibly. A day OF
two ago, gentleman entered the Office OF Mes.rs.
-, and inquired very politely concerning certain
property they had for sale. He was snubbed by one
spd another OF the busy inmates Of the office, and
issly told that the property was to be sold on the
morrow, and that be could find out by attending the
ne. The next day, Mcrns. - were somewhat
! surprised when the Chinese Assembly Buildings
were knocked down TO the same gentleman fol-
/ tl5,OO0
Nearly all the sales that have been made recently
were f,s cash on delivery Of deed and several cases
have transpired where agreements have been rem
| terd void because the whole amount Of the pur
chase money could not be aocepted-purchaseri
being nverse 70 taking any property unless unin
saiLbered. Institutions and individuals holding
Mortgages on real estate decline accepting the money
lnder maturity, aud when pressed 10 do 30 offer ,
bw rate Of interest rs an inducement 10 continue The
kaD. This extraordinary buoyaBcy in the real
state Market both for rents and sales, is thus fa
mostly confined 10 this city; but old broken
| pophesy thai ere long it will spread far and wide
The determination 70 invest money-large amounts
Of which arc on deposit on individual acOount-iI
real property will compel this result, and vacan
lets on this sland--in the adjacent cities and coun
hes Of this aud DeigiboriDg States-counhy seats
large and small, ana farms near and remote, mus
sOon feel the benefit Of the movement.
TIE cause Of the increase in rents will be found ir
The fact that but few new dwellings have beer
erected since February of last year, and in proper
ton 70 the increase of demand 90 will landlords claI