New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-13
THE WEEK IN REALTY.
DEMAND FOR PRIVATE HOUSES Is
STILL ATTRACTING ATTENTION.

The unusual demand for private dwelling houses
IN the West and East Side sections above Fifty
uin1h-st is still attracting the attention Of many
students Of real estate conditions One real estate
broker Of the West Side district said yesterday
sra. mt nnlv was the demand for private dwelling
houses remarkably brisk, but the number Of per
sons seeking to invest in the hghes; priced realty
IN his section many times greater than at any
rine il years. Nearly al lines OF business
are ENJOYING prosperity" ne said. and some bust
ness men are making money fast that they have
sought the real estate market in which to invest
2 large part Of their earnings. They fully realize
that this form of investment is one OF the safest
and most profitable In the next few years L
expect 10 hear of many rich men who are not
-a1navers here becoming owners Of big apartment
houses and hotels and other large properties
Another real estate dealer. in speaking about the
recent heavy transactions reported in the East
side section above Fifty-ninth-st. said few days
aro that many Of the sales OF private dwelling
bouses in the section in the last month resulted
rom the eagerness rather desire of large
number Of persons TO home near as
rossible 10 the F1fth-ave section
valuations in the Fifth-ave. section said the
hrrer ARE daily rising and the feeling IS general
thai this increase viii have a good effect upon
properties in Madison and Park and even
as far east as Lexington-ave. This idea seems to
ne sound for all influences which affect realty
valuations are apparently healthful, and therefore
beneficial For instance. the nearer one approaches
the centre Of the greatest realty activity the
Ter becomes his chance. il is thought. Of sharing
in the good resulting from this activity
The lot Of the average real estate broker is not
one free from unpleasantness. especially in these
DAYS when the horneseeker is everywhere present
The jority OF real estate brokers have no COM
plant to make about poor business but they would
be happier if many persons who visit their offices
10 buy would come them with some definite
idea as what class of property they wanted
Real estate are not mind readers though they
are good judges Of human nature. They usually
seek to please, but they cannot sell $4,000 house
10 q person whose means large enough
and whose income would not be sufficient to carry
property valued at that
The task Of choosing a fat OF an apartment
is in cases child's play when com
pared with that Of selling house. Many house
seekers know little about the construction of
houses. and much less what type Of house they
really like They can quickly tell when the air
and light OF house bad. when the exterior and
the interior are in need Of repair. and whether
may be considered, however. be a bad loca-
ton to-day may be the ideal location to-mor-
as TO the future plans for the betterTaent Of the
.ac+.,,e tha it, tporn = 80 eE+s+e ,,oirT ~
view. his opinions about real estate worthless.
Brokers they TO be leaders in the real estate
ability 10 Judge realty conditions is daily tested,
gated TO rear place The results of their work
dreds OF house seekers who seem 10 be unable to
decide how and when to invest their money should
work Of buying would be less vexatious, and the
danger Of becoming identified with bad transactions
less
For years many Of the great leaders in the real
estate market have been trying 10 attract investors
the realty field. They have induced thousands
Of people invest, but hundreds Of persons whom
they strove bring into the real estate market
still unknown there. In the last few years the
sttractiveness of real estate has become wider
known TO large numbers OF persons with small and
large sums TO invest; the realty market has been
placed on a stronger foundation and the day OF
false boorns Is thought TO be passed Because Of
these facts and the prosperity Of the country.
army OF persons is looking to buy all kinds