Birmingham age-herald., 1894-08-17
AN UPWARD TENDENCY Soemc to Be the Indication as to
 Real Estate,
SAY THE REAL ESTATE MEN.
Demands and Inquiries for Property Largely Increased.
 A Favorable Sign.

There is strong probability of decided increase in Birmingham real estate during the next sixty days. The settlement of the tariff bill and the miners strike has al ready been felt, and more nfidcnce has been restored.
 Inquiries relative to property are being received now more frequently than they have been for the past two years. Sales during the past week have been far above the average, and, in fact, enough to show the real estate agents of Birmingham that there is a splendid increase in the demand for both improved and unimproved prop erty. Not a single agent, out of nearly dozen interviewed, expressed anything but pleasure at the present state of affairs and the outlook.
 Not only is city real estate going up, but rents are also on the rise In fact, the out look is so favorable for small sized boom that there are very few of the agents who will take any lease, they pIeferring to rent by the month and take chances on an inn mediate rise.
 City people anxious to invest with view toward speculation are buying up property, while many inquiries result in sales to parties in foreign points.
 A man we'll posted on affairs of this kind said to an AGE HERALD reporter yesteri day:
 "Real estate is going up, reuts are ad- vancing, everything looks favorable to son why Birmingham should not take on new life and why she should not begin a fast growth. Money talks and within the next sixty days you will see 1t turned loose here.''
 Out of a number of interviews with real estate agents as to the condition of Br- mingham dirt and it's prospects the follow ing speak for themselves:
 SMITH, CHICHESTER & YANCBY: "There is an increased demand for real estate. Prices are firm and will advance. There are now many calls for property. The passing of the tariff bill and settling of-the strike has increased confidence in the fu- ture of Birmingham, and it Is our judg- ment that in the next six months real es- tate will advance 50 per cent over present values.'
 8. E.. THoMPsoN: ,"We are going to have some business to do just as soon as the industries here open up and give em- ployes something to do. Property owners will then go to work improving their prop; erty that has been lying idle for months. That will give employment 10 carpenters and various other artisans, and they in turn will have money to circulate, which will have decided effect upon the increase of the value of real estate. l think the present price is enough and ought to attract the at- tention of all buyers, for it is cheaper than
  from outside people and from people here asking for good investments, and the out look is very bright for rise in real estate in the next sixty days. During the last few days have had several inquiries from par ties who want to invest in Birmingham dirt. think real estate now is on the in crease in demand.'' ~
 s. BETHEA: ''Sales have been very dull all summer, but there is more inquiry now, and good fall trade is looked for. Prop erty is very cheap, and entirely too much so for as good a city as Birmingham, and buyers will soon find this out. During the next six months rents on property will be much higher, which will naturally make real estate higher. The rents are now so low that a great many agents will not make any leases at the present rate, but will hold the property for better prices. This will be done so as to give property holders an advantage of the rise, which is sure to come, and that very soon. The demand for real estate during the past week has increased wonderfully, for have had during that time more inquiries from purchasers than during the past two months. think there will be raise in the next sixty days, for these inquiries naturally show an increase for the demand. People are beginning to put their money in Birmingham dirt. While sales haven't run so high inquiries are increasing daily. We will have a lot of sales in the next three months.'