The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-29
INCREASE IN REAL ESTATE
The Agents Are Looking For
LWeIier Times.
THE ANNUAL SCRAMBLE ON
Among Tenanis-Business Men Are Moving
Toward the Old Center Around TWenti-
eth Street and Second Avenue.
THE ANNUAL SCRAMBLE ON

IIle rear estate COHulllOn generally
a chronometer of the business outlook.
If this assertion holds good the pros
poets for Birmingham are exceedingly
bright. The scramble is already on for
rental property From October to Octo-
Der is the rental year, and renters are
now looking for locations for the coming
twelve months. The real estate men say
that the scramble is very lively. Rental
values have net increased, except I'M GER
tain portions of the city where the loea-
ton is very desirable. The changes in
dwelling property is always great but
the changes in business houses will be
few The tide is turning back toward
Twentieth street and Second avenue.
which is the old business center. A few
years ago the center Of business turned
toward First avenue along near the old
Caldwell hotel building. Since the burn
ing of this building business men are
seekir g cations in the mercantile mecca.
The real estate men say that the buy
ing of desirable residence property is
lively. Prices have stiffened somewhat,
and great many residences are being
disposed of at price of between $500
and IS 000 On the other hand a large
amount of property is being disposed
of to that class who find positions in the
numerous industries. This property is
sold on easy payments, but denotes
healthy condition and a feeling of conf
ma in the rpal
estate world said that there were now
more buyers than sellers. "The people,"
said he, 'are holding their property for
better prices. They think the outlook en-
couraging and will not sell at sacrifice"
This gentleman also said that good
rental property would not go without
occupants in Birmingham next year.
1.-The condition as regards real estate
Is undoubtedly improved" said Mr.. Yam
cysof the firm of Chichester & Yancy.
property has advanced wonderfully in
The past six months. The exchange in
dwelling property has liyened consider
ably and the Increase in values has been
very perceptible. The majority of the
sales have been for q good class of dwell
ings, ranging from $4,000 to $1,000. The
Industrial condition has improved and
guarantees a reign of prosperity. Much
of the increase in the real estate business
is attributed to this"
THE prospect for the real estate men
gives cause for greater encouragement
than it has done for years." was the ex-
preston of r. H. Hagood. more bust
ness has been done during the past week
than for year past. I mean, of course,
that the weeks business amounted to
more than for any week during that time.
OF course the general movement of ten
ants for October has had a tendency to
liven things up
81 have only been in the real estate
business for the past year." said C. Ber-
ney,, but 1 can say that the general con-
ditions are much better than / have ex-
perienced during that time There is
no question but that values have adj
yanced to some extent, but DO not look
for jump or a boom, and consider this
one of the best signs we have
birmingham now looks more like it
did in the eighties than it ever has since
that great boom PERIOD said George G.
Whatley. THE increase in values has
been from is to rs per cent. I do not
know of any extraordinary changes to
take place among the business men. The
merchants are again looking for houses
near Twentieth street and Second ave-
nue.. This is certainly considered the
business CENTER
Il never felt more confident of pros
psrity than I do now" said r. McCon-
nell. The real esta tie men are all jubi ant.
They are a hustling set of fellows and
when they say times are better they can
always be depended on"
Birmingham is getting back to what II
used to be-" said James Bailey. eve have
sold more property this month than we
have in the pas. four years. One davis
business has been BETTER than a whole
weeks business. The tailoring people are
buying residence property. They have
cine to Birmingham ito stay, and they are
investing their earnings in homes. OF
course. we sell to them on easy payments
but experience, as a rule, few Losses
among that class. We have sold several
residences, ranging all THE way from