The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-11

II you are thinking Of purchasing a
nome now is the time to do It, Real
estate men say that prices are as low
dI present as they ever will be- and nv
next spring there will be a material
ADVANCE IN the price of St. Paul prop
erry' homes can be had at present for
consideraIbly less than 1t would cost to
oulId Che mousse alone, and, furthermore.
can De had on monthly payments of
just what you would have to nav ",
rent. 4r p'' ="
interviews with q half dozen we'll
known local dealers yesterday disclosed
the fact that more people of moderate
means had been purch asing homes this
tall than for many years. These deals.
however, have been made at the bot
tom of the market, but dealers believe
that this Is a good indication "a a .borT
llHle ago. there was no market what
ever for property.
j. W. Shepherd said: 'I have had
more inquiries for homes during the
last month than for several years. The
inquiries are for the most part from
people who work on salaries, who are
Wiling to pay down a nominal sum
ana make monthly payments instead
on paying rent. have not been rented
up so closely for some time as l am
at present. AS rule we don't get our
renting business closed UP before Oct.
L, Dut, have scarcely a vacant house
to let
There has been no speculative de-
mand for property, yet there Is no
doubt that the present demand for
homes will stimulate the market, and
give impetus to the market for other
classes of real property"
w. G. Reed said: There are more
homes being sold just now than most
people know about. There is sale for
home property If you are willing to
meet the market, and there is consid-
cradle Of this class of real estate
changing hands. People don't realize
that other investments are shrunken in
values as we'll as real estate. For In
stance, the stock Of a strong local bank
has dropped so per cent since the hard
times, and has not gone back to It's
former place. 1t Is just so with real
estate. The market has been dull and
prices at the bottom, yet at present
there are some very favorable indics.-
tons for considerable activity in the
local market IN the future The eie-
ment Of speculation has not entered
money is piling up in the East, and will
doubtless find its way Westward"
H. H. Hoyt said: 1.-The demand for
homes especially has been good during
the last week, although I made a
couple Of sales to a nonresident. AL
though the prices have been low, con-
slider the number of sales being maze
an assurance of the future of St. Paul
realty market"
A. Stolpestad said: Everything that
have with, a roof on it is rented.
have over 400 houses rented, and I
might say that there is liable to be an
increase in rents next spring If the de-
mand is correspondingly good next
spring. Some people have been buying
homes of late and they have been get
ting them very cheap"
Mr.. Bayard, 4of Bayard, Duell & Co.,
said: 1.-THE scarcity. OF houses to rent
this fall has set people to thinking
about buying homes. A good many
cannot get Just what they want and
they commence figuring on purchasing
a home. The failures Of the banks
three years ago convinced many people
that no better investment could be
with the present low range Of the maj
ket."
b M. E. Kost said: Trade has been
somewhat better this fall, and there. ts
no reason why it should not be. With
the existing low prices almost any one
can buy a home. We look for a still