New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-03-30
ACT1VJTYIN REAL ESTATE.

After long period of comparative stagnatlon
the real estate market seems to have entered
upon condition of healthful activity. 1herc
is good demand for property, improved ana
unimprovcd in all the desirable quarters OF
New-York and Brooklyn. 1t is not q time OF
wild and fcverish speculation like that which
preceded the panic of 1878, and brought ruin on
thousands of reckless buyers, who had pald
prcposterous prices for lots which the uptown
tide would not reach for many years. In those
DAYS there was a craze for dealings III real
property. which was bought and sold almost us
swiftly as the shares dealt in mt the Stock Ex-
change. and often ~ rccklcssly. Spectators
made enormous purchases, paying little cash and
putting on mortgages which proved far greater
in amount than the true value of the land ana
buildings. as shown by forced sales aitcIWard.
Nothing like that era Of wild adventure Is To Dc
seen now, but there is n constantly growing DIS
Dosition on the part of cautious, conservative
investors to put their money into the safest OF
all securities. As every one knows, the condl-
ton of affairs in Wall Street and in general bust
ness has left an immense amount OF money
waiting for sound and profitable investment.
The holders Of this are now watching the real
estate sales more kccnly than for years past,
and are seeking opportunities for private pur-
chase of promising lots. The brisk BUDDING ana
the prices obtained at recent sales are proofs OF
the activity in the market. SO are the nambcra ana
unusual variety of the real estate advertise
mcnts in THE TRIBUNE.
These advertisements offer wide range OF
opportunities for almost all tastes and almost
all purses Big mansions on Murray lii,
fitted I'D with lavish outlay, or fresh from the
hands of the buldcr and ready for the deco
rator and upholstercr, are seeking purchasers.
So are snug little homes in Harlem, in various
quiet quarters Of Ncw-York and Brooklyn,
suited for men Of moderate means. Cnim-
proved property in areas large and small IN
vites inspection by investors. Attractive
country seats tempt those who are looking
for homes outside OF the two great cities
The thousands of people who intend to leave
their present homes on the first of May, and
are now looking for other quarters for renting,
will find much information of practical value
in these columns.
The improvements ndncw buildings on Man
haitian Island are transforming the face OF
the city. But there is no sign OF excess OF
OVERRIDING. The new buildings are quickly
occupied at rcmuncrltiye rents or sold at q
profit. The future of real estate wears look
of solid prosperity We are making genuine
progress toward the reform of our municipal
government. The exposures made by IHF
tribune and its demands for Il publication OF
the municipal departments brought about the
investigations which are resulting in reform
legislation. With q cleaner, more efficient city
government the burdens on real estate will be-
come lighter, and the city will be made more
attractive It will draw greater numbers from
other parts of the country, who must build, buy
or rent houses. There is eyeIyreasOn tor hope
fulucss in the outlook.