Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-09-15

An Unprecedented Demand fer Housso
% Rent-Signs Of Coed Prices Obtained
1t Auction Sales-Briehe prospecs6 on
Capitol Hill.

The chief topic commented upon By real estate
dealers and agents to whom o erAa reporter
applied yesterday for Information a to what WAS
going on In the real estate market was the demand
for houses to rent 1.-THE real estate market Ia
active" said Mr. r. o. HOFFMAN to the reporter,
'very active for this season Of the year. and there
Is an unprecedented demand for houses to rent /
never saw anything like It There Is as much
demand as we have been accustomed to have In
OCTOBER
"It Is amazing. said Dr. +. Presbrey, speaking
OF the demand for houses to rent '.There are a
great number OF people coming here this winter.
IL Is hard to get houses to meet the demand.
There will be more people here this winter than
ever before. The inquiries are for good class of
houses great many houses Will have to be
buht In washington for the people that are
"But these are only winter residents," sugges.
''They may come here for q winter" said Dr..
Presbrey, but when they once Come, they can't
gel away. 1t Is probable that after coming here
ons winter they win come back and buy or build.
houses to rent. observed that large number OF
members OF Congress were coming In and inquir-
the demand. One real estate agent said there was
great demand for houses renting from sss TO $50:
the don't ont, know wh:rs the people come said
could very soon got tenants Tor them"
he natural inference is" said the reporter,
"Well, wouldn't say anything about that" said
] Ss goa g s'A Il si IS
are vacated, my instructions from owners general
are to put up the rent S SO for the next ten
SIGNS OF THE TIMES NOTED By AN AUc11oNBER
"Ihere Is plenty OF money in circulation" said
an old real estate auctioneer to a STAR reporter
'We can tell that from the few inquiries there are
for loans"
''Are there any chances now to get gooi bar.
gains at trustees sales OF property7" asked the
STAR reporter.
"Not now" said the auctionser. "At one time
you could have made good thing BY watching
such chances. Now, to tell the truth, men pay
,G1 a. sa 5an they
get more than the limit For instance, sold for
$500 the other Gay piece Of property that was
other recent sale the bid at which the properly
was knocked down was several thousand dollars
OF money in circulation which seeks opportuni.
Ties for Investment: 1t does not matter whether
the weather is good or not II it rains, every man
bargain. as there win be little Competition The
very lively" -
ACTIVITY ON CAPITOL Hill.
'There Is good deal OF activity in real estate, /"
said Mr.. j. T. Coldwel real estate agent and mem.
Der Of the late board of assessors and things arc
booming especially on Capitol Hill There are
good chances for Investment on Capitol HILL
Property there now Is about as it was In the north
west Anew years ago. II a man buys in the West
Eng panic may come and prices viii drop. There
Is little danger OF that on Capitol Hill at present
prices Why, during the whole panic here some
years ago, property along East Capitol street never
dropped at all The Improvement of the street
went right on. and now 1t Is built up, almost all
the way out to Lincoln park. There are people
who own small lots Of ground and small houses in
the West End. They can sell that now for enough
70 Duy nice property On Capitol Hill, build bet
yer mouse than they ever had, and have money
LETT. A good many people are doing that One
reason Is that taxes are TOO high for them in the
west End, and they are not able to keep up with
the style Of their neghbors"