The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-04-03

improved and vacant property. Purchasers
are showing liberal disposition TO advance
on past offers, while holders will not listen
10 prices which they would have gladly
taken last fail. Rents are improving, and
there are few II any dwellings, moderate IN
price and desirabIy located, vacant. In
deed, detached houses, modern in design,
with convenlences, which can be rented FOR
eighteen TO thirty dollars per month, are I'm
great demand in our growing city, aud
capitalists could not make better invest.
ment for sure and satisfactory return than
by accommodating this class OF the renting
public with neat, convenient, and comfort.
able homes"
Mr.. George III. PoiDdexter said q re-
gard the present outlook OF the real.estate
market as promising as it has been at any
time since the war. Parties IN many oca-
ties are now realizing on purchases made in
the flush times OF ~ and r. Nearly every
thing now offered finds bidders, which has
not been the case up TO this time for many
years. In most Instances fair prices are
realized, IN others the bids exceed our eX-
pectations. Business property under fair
rental finds ready sale. and vacant lots in
the best locations are not being pushed upon
the market by owners. The demand for
small houses exceeds the supply. which |
look npoo as a most favorable indication OF
the substantial Improvement in business
IMPROVED AND UNIMPROvED REALTY.
Mr.. John ". GOddin briefly answered our
questions by saying: "Ibere has been Il
decided Improvement in real estate within
the last few months, with inquiries for i'm.
proved and unimprOved property, and am
OF the opinion that il will continue 10 i'm
prove. Houses for rent in great demand,
especially small ones we'll located
Mr.. George E. Crawford was next inter-
viewed, and said III | NAV Judge from
my own experience in the real.e>tare bu-i-
ness, L can say that the demand for real
estate. either for sale or rent, has never
been equalled, especially the demand from
northern parties TO buy or exchange north
ern property for Virginia farms. g.. Tni.
proves that they anticipate the advance in
real estate in Virginia 10 be greater than
that in the North. | seldom have desira.
bic house FOR rent vacant. because it is en-.
gagged before the tenant moves. More houses
ought to he built that can be rented from
$50 to $500 per year. There is scarcely
any demand TO borrow money on real es-
tate; which proves that Richmond il pros.
porous and her people under no financial
pressure"
Messrs. Sutton Il Co. said There j. a
decided improvement in tue prices OF real
estate in the city and suburbs. The demand
is greater, purchasers more plentiful, and
property is bringing better prices now than
| 1t has done heretofore. We think the out.
look encouraging to owners OF real estate.
and they may safely expect speedy and
handsome profits on present prices"
GIN THE SWEET BY AND BY"
Messrs. Chewing Il Rose were next vis-
tied, and we found these young gentlemen
to be very enthusiastic over RicbmDud's
present and expressing great confidence in
her future. They said: THE future OF
Richmond has never been brighter than at
this time. We are blessed in every natural
point TO assure general prosperity. No
location could be more advantageous when
we consider the facilities for the 'r0secu-
tiOn OF manufacturing industries. Our eli
mate is so genial as to render the support II
operatives very much less costly than in
higher attitudes, 10 say nothing Of our con-
yenience 10 the fields Of raw material. We
can understand why Richmond should be-
come the first manufacturing city in
this country. She can support an enor-
nous population with comfort; IN
every section OF the city can be heard
the grating saw and ringing trowel; and in
our beautiful west end the boys, like the
poor Indian, have been forced 10 give up
their Fairgrounds and seek others further
west, while their former grounds have been
supplanted by beautiful and costly resi-
dences Of modern architecture. NOtwith-
standing al this, we are unable TO supply
the demand for houses. We are besleged
each day with the query, Have you any
houses for rentl Our expectations are 80
very sanenine concerning Richmond's fu-
ture that we perhaps have already taken up
too much OF your time and valuable space.
We reluctantly say, Pass on and quiz an
other OF our noble brotherhood
FARMING LANDS.
Mr.. John Bell Bigger being questioned
answered as follows: Z" My short expert
ence in the business Of realestate agent
(havng been connected with the enterprise
scarcely month"; forbids me from giving
any very decided expression 1s TO the tend
ency OF the market IN real property. From
letters in my possession from various Sec
tiOnS Of the State ! gather the information
that farming land, are beginning TO look
up. am often called upon TO make an effort
to secure loans on valuable country pro-
perty, but it Is almost, II not quite, impO~-
sSDle To make such negotiations. | nave on
my desk at The present moment a letter ask
ing II SIS coo can be borrowed on valuable
and unmcImbered real estate lE a prosper
Ou> county at per cent, and my answer.
based npOn an actual test, is, II is 'impOs-
blc.' think il farmers cOnld be accOmmO-
dated by capitalists that they would De en-.
abled 10 overcome their emb1rras> ments
and prevent many forced sales, which is 50
often ruinOus to the proprietor. Our aSri-
cultural interest is not sufficiently encOur-
aged. The demand for 6r,t.class property
In the city is greater than the supply. eX
cept where owners are asking fancy prices.
Ny impression is that 9s the rate OF interest
on money must reasonably decline. the
boom IN real estate tDus. naturally result, a.
good property commands good rents"
SALES OF VALUABLE REAL ESTATE YES.