The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-23
BUILDING BOOM
is PREDICTED
Wage Farmers Would Rather
Own Homes
THAN TO PAY RENT
Real Estate Men Confident of
Increasing Activity.
BUILD BUSINESS BLOCKS
Frank NighSwonger Buys a
Residence for $1,000.
BUILD BUSINESS BLOCKS

wichita real estate men are expecting
an unexampled boom in the building Of
residences this year. Already there is a
Strong demand for vacant lots on which
20 build homes, and the demand IS expect
ed 70 materially increase before the
spring becomes far advanced.
The demand for lots on which to build
residences comes largely from the wage
sarners OF the city. who prefer TO own
their own homes to paying rent for the
use Of other peoples property. Nothing
IS a stronger proof Of the prosperity OF
Wichita than the fact that the wage
earners have money TO invest In real es-
tate.
II IS not, thought, however, that the
activity IN real estate viii be confined to
residence property. Many business blocks
VIII be built, and many who have not yet
made an announcements of their inten-
tons are considering the ACCESSIBILITY OF
securing desirable locations and erecting
large brick blocks.
When asked what he thought about the
real estate and building outlook for this
spring and summer. p. V. Healy, who has
teen identified with the ups and downs
n Wichita real estate for years. and who
has peculiar facilities for knowing the
actual conditions, said; ITO my mind the
outlook is good I believe there VIII be
great activity in the building of houses.
Reports from the farmers indicate that
the wheat stiH has a good chance of max
Ing good crop. and so.t there Is no neces-
Eity Of being discouraged on that point.
One thing which has its influence in the
determination OF many 70 build homes is
that rents are higher than many men care
30 pay. Many are living in tents because
they cannot get houses at suitable prices
r. A Sankey said: Il believe the actlv-
ity in building circles win be especially
noticeable on the West Size. Many mem
bsrs Of the Friends denomination are
moving into the city and settling on the
West Side. They viii invest in real
estate The activity win not be confined
70 residence property, as some Of the
business establishments are contemplate
ing erecting blocks for their own use"
B. r. Tanner. of the firm OF Tanner &
SeweI said. There is already a strong
demand for property in the suburbs and
on the residence streets. Many wage
earners prefer 30 build their own homes,
rather than pay the existing high rents
] believe there viii be more building this
spring and summer than there was last"
" r. Tucker said: There VIII be a
great deal OF home building this year,
and consequently a good demand for
lots"
Reese < Co yesterday sold the property
at IA North Emporis avenue TO Frank
Nighswonger. for $500 This property
was owned by =. H. Robbins president
OF the Wichita Commercial College, who
also owns the 30 feet vacant, adjoining
on the south. on which he expects to
soon erect a modern home. TO cost not
less than 5000.
Mr. NighswonEer expects to rent his
new property for the present, but later
on viii improve and occupy it as his
home.
Lot IS, on wabash avenue, in Matthews
second addition. has been sold 20 Mr..
Bradshaw FOR $500. by Geo. A. Dickson,
for Mr. H. Schenebrlcker. Thirty days
ago Nj. SchenebriclIer secured the prop
erty Of Prof. l.. p. Shuu for S50.
Yesterday c. A. Dickson closed deal
whereby AIr. =. Brewer. Of this city. be-
comes the owner Of two lots nj 1888 South
Main street on which there is situated a
four-room cottage. AIr. Brewer turned
over TO G. P. 8Ieetar, Of El Dorado, $500
in payment for the property.