The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-02-10
A REAL ESTATE BOOM.
Activity Being Resumed in This
Business.

ABOUT year and 4 half ago Roanoke
was experiencing 4 real estate boom
that was the wonder OF the country.
Lots sold ut fabulous prices, and were
constantly in demand.
Then tho boom began to wear Off.
The selling was not quite so active.
ana the price was not so high. For Il
time tho real estate business in Roa-
noke was at standstill, but il has
shaken oil its legarthy ana is once more
moving. A large number of sales have
been made lately, and many out.of.town
capitalists are making inquiries as TO
the price of land here
IHE TIMES present this morning the
following interviews with number OF
real estate men, who are unanimous in
saying that this business is improving:
c. {. Taliaferro.o OF the real estate firm
of Dupuy Il Taliaferro: The business
has begun to pick up and we are receiv-
ing inquiries every day. Business will,
certainly be better this year than it was
during tho boom. The new industries
that have recently started, the new
railroad that has como in, and revival
OF work at the Roanoke Machine Works
VIII surely increase all kinds of bust
ness. Outside persons are ready to in.
vest in Roanoke, and think the coming
year Will be one of good solid business"
W. /. Dupuy, president of tho Real
Estate Exchange: I'VE havo received Il
large number of inquiries about real
estate In the last few weeks, and find
that there are great many persons
outside OF Roanoke who are willing
ana ready to invest in this city. There
Will certainly be no more booms Tho
people generally have stamped booms
as derogatory in tho long run. and Roa-
noke Will get down to II firm basis and
move steadily along in an oven groove
to prosperity
Speaking Of the Real Estate Ex-
change, Mr., Dupuy thought tho interest
IN TINS org anization would be revived in
Il short time
b. L. Grieder, who has been very sue
cessful in the real estate business said.
Nc have listed Il great deal Of property
Tor persons outside Of the city, and have
made large number OF sales in that
direction. These people are meeting
their payments right along and show
mat they have every confidence in Roa-
mike real estate. They all expect to
use their lots for building purposes, and
consequently look for great activity
nero III the spring in that line. know
oil great many people, good business
men and mechanics, who expect to move
here and build themselves homes at no
distant date"
l.. l.. Powell, one of tho briskest
hustiers in real estate Roanoke ever
had, said when asked as to prospects of
the real estate interests for the coming
year 81 think it will pick M, though
1T Will not be boom liko we witnessed
last year, but it will be on firm.
healthy basis Real estate men who
wish to do legitimate business have
reason to congratulate themselves for
the chance now before them"
T.. Il. Kemp: There is n marked i'm.
p'ovement in the real estate market a
few weeks ago man would almost
knock you down when you offered TO
sell him real estate. But now you can
interest him on that subject and he will
talk to you There is some property
selling in town nearly every day.
There are no very largo sales, but it is
evident that people are becoming inter.
csted and that the market is getting
better daily
w. Nj. Wager: al think the real estate
market is decidedly better than for Sow
oral months past. have had a mum.
Der of inquiries from parties desiring to
purchase property. Some of these have
come from Northern people, who wish
TO invest in Roanoke real estate While
the market now is much better than for
some time previous there is also cyi-
deEce OF increased activity"