St. Paul daily globe., 1895-06-02
,ent in property, particularly in small

ment in property, particularly in small
er sales.
Business is better" he said, ethan
at any other time this year, and it is
certainly much better than last year.
The business is different this year
from last. The sales are confined chief
ly to a cheaper class of property,
ranging from $500 to $4,000 and $500.
Many workingmen are taking advan-
tage of the prices and securing desir-
able building lots on which great
many are erecting their own homes.
These have all been cash sales, and
naturally the real estate dealer feels
that he has not waited in vain. The
prospects are decidedly better. About
300 buildings are now in course of erec-
ton in the city. We know of that
many and there are undoubtedly more.
A great many new homes will be built
on ST. Anthony hill, south Of Summit
avenue and east Of Victoria. There
have been some large sales up there.
We alone sold several houses the other
day and have other good sales In pros
pect There are more people than last
wear ready to pick up bargains, even
for investment There is no better
time to buy real estate in St Paul than
now. Prices are low. 1 speak in par
ticular of property which has been
forced on the market. Those people
who have their property clear can OF
course afford to hold off for better
money and are able to demand good
prices. 1t would seem to me that
where 60 per cent of the property Is
forced on the market, that establishes
the value, but many of the people hay
ing property do not look at it in that
way. A good deal of the property now
offered for sale has been forced on the
market, and even then the prices are
holding up to reasonable extent"
N. R. FROST.
of the firm of Frost & Meacham, on
being asked what he thought the out
look was in real estate circles, replied
that he thought there was a decided
1--WE have done more business in
the last two months" he said, than
during any eight months previous, and
while we do not look upon this alone
as an indication, we are confirmed In
our convictions by the general better
feeling everywhere.
prices are not advancing as yet,
but there seems to be an inclination
on the part of those who have money
to invest to place it upon real estate,
which is very refreshing and encourag-
ing.
eve also notice quite an improve
ment in the dwelling house building
line There are more people building
now and contemplating building than
H. 4. tIooY CT hfna
or four years. If the upward tendency
in our commercial life keeps on, as it
now promises, there is no doubt in our
mind but that it will effect the real
estate market very perceptibly.
1--WE are not looking for boom,
nor do we want to see one; it will be
a good, steady, healthy increase in
real estate transactions which always
makes investments Surer and safer.
A great many people who have been
bowling against real estate have found,
by comparing notes with their friends
who have had their money invested in
real estate. that the real estate in
Vestments have paid as well if not
better than the investments in railroad
bonds, stocks and other securities,
and are now talking quite differently,
which has a good effect on the market.
'"There is a natural inherited desire
in the average man to own property;
he may be forced from it temporarily
by circumstances which he cannot con-
trol, or his affections may be turned
from it by the turn of the tide, but
he will as naturally return to it as the
point of the needle turns toward the
pole"