Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-11-17
An Attractive Residence in Hand
some Suburban Section.
PROSPECTS OF THE BUILDING SEASON
Property as an Investment and
How It is Regarded.
M ALTERS OF INTE RE S 7

| MI ". L. NTDSDy just Pun Hlh
attractive residence of the colonial style
| located on Newark street near the Con-
necticut avenue entrance to Cleveland Park.
| 1t Is opposite the home of Representative
JOY which is one of the handsomest houses
| in the suburbs. The property purchased by
| Mr. Crosby has a frontage of 81 feet. One
| of the features consists Of the porches, the
| main one measuring about 100 feet. The
| interior arrangement is convenient as We'll
| as attractive.
| 1t is the purpose of Mr. Crosby to make
| his home here He has returned with his
| family after an absence abroad of more
| than a year. ~.. =.
More Favorable Conditions.
The conditions in the real estate market
| are more favorable than was the case prior
| to the election, for the reason that the un-
| &C rtainty, which had paralyzing influence
| on all forms of activity, has now disap-
| peared, and there is a feeling of confidence
| in the future. This Is manifest by the
| inquiries which are Received al real estate
| offices in regard to property. As is well
| known, when information in regard to
| realty investments is in demand, 1t is
! Il oked upon as u favorable state of affairs,
| especially when it is contraStei with
| pc RODS when not only il was impossible to
| make transactions. but there was actually
| no interest displayed by the public in this
| form of investment.
| When the attention of people is turned
| toward the real estate market it is evil
| dent that business is Likely to pick up. At
! the present time it is thought that this is
to be the course of events, and while there
| are few transactions, yet the prospects are
| improving, and the outlook for a brisAcr
| market is much brighter than it was a
| week or so ago
| The Current OF business.
| It is recalled in this connection that at
| this time of the year the market is seldom
| if ever, active, and it is not supposed that
| this year will prove any exception to the
| rule. People who buy realty usually do so
| in the spring and summer, and early in
| the fall, but when cold weather comes it
| appears to be difficult to get the average
| run of buyers to think of investments Of
| this kind.
| However, some business is constantly go
| ing on, and great deal is done in the way
| of selling properly during the winner sea-
son. as there are good many people from
different parts of the country who are
| brought here either on account Of business
| or because they find in this latitude
pleasant winter home.
| Elements of Strength.
| Such persons have a chance to get ac
quainted with the cityEand its advantages,
| and come to appreciate its altractiveness as
! place Of residence, and from that the
| transition to property holders is easy
| one. In spite of the circumstance that the
! market is said to be dull, and has been in
! tEat condition, with the exception Of
| slight squirt last spring, since the beginning
| of the period of depression some eight
| years ago property is not now sacrificed,
| and has not been during all that time. 1t
| Is perhaps within the bounds of reason 10
say that no real estate market in the coun-
| try has shown greater stability under the
stress of hard times than that of Wash
| ington.
There have been what-are called bargains
| oTered-that is, property sold for less than
| preVallng NalueS-7and.ea of that sort
occur occasionally seveh now, where men,
| owing TO circumstances. are compelled to
| sell. But there have been surprisingly few
OF them, and today prices are maint aimed
as they have been daring all the hard
real estate in this eitygis owned to a large
extent by people who are able to hold on,
whatever may be the Tainancia! conditions
It is this fact which. II part, gives a stable
and is also an evhlenee of the substantial
character and desirabIlity for investments
in realty in the Distrtet of Columbia.
Increase in building.
During the past mopth, according to the
statistics gathered, the record of the en-
tire country shows an increase in the
amount of building for the first time since
February last, compared with CORE
spending period in 1888.
| LEAVING lineage out OF the present con-
sideration. because of local labor troubles u
says the Construction News, there has
been a reason for general stagnation in
the building industry that would account
for the decline which marked the year from
February to October, as well as for the
present encouraging advance. In a general
way conditions throughout the country
We're unsettled owing 10 the national politi-
cal campaign. There was distinct feeling
of unrest and uncertainty. Business mer
| everywhere felt that a change in govern,
mental policy would have its effect upon in.
dustry. more particularly as the change ad
vocated by one of the leading politica
parties was; of the most radical character
The SituatiSnf Improved.
THUS the stability of existing values was
sufficiently open to debate to persuade the
investor to withhold his funds, the contrac
:, tor to figure within certain close limits, an6
even the small builder to temporarily post
pone contemplated use. of his savings Bul
about the beginning of October, although
the uncertainty of politics still influenced
many, an impression began to grow that the
present national policies were most likely