The Washington herald., 1906-11-11
Market Is Dull.

Market Is DUH
The real estate market during the past
week has been duh. according to the tosti-
un0ny o. all the brokers yesterday. There
have been few sales recorded. A good
many are on the tapis, but are not yet
closed one broker stated that the call
FOR investments by persons outside OF the
city was nov larger than il had been for
several months. but those seeking to buy
are placing greater structures upon the
broker than formerly. Investors are seek
ms larger returns from their Investments
They wish 70 he made certain that the
outlay viii pay g. s, 70. or = per cent. o.
they are nOt tempted 10 buy.
All Hunting BarEains.
j. othor words, the market, according
10 this broker. has practically settled
down to barEain-hunting. He said he had
been astoUnded az the volume Of money
seeking investment IN Washington real
estate. There seems TO be 10 end OF il. he
said. but somehow the impression has
gone abroad that the city IS now In q Pc
.iOd Of great expansion, and investors are
Tor the most part clamoring 10 get IN on
the ground floor Of good things that
win pay Fat dividends oG the investments.
This broker si,id there was inquiry enough
in Tho field 20 buy al the available real
estate tn the city. ii the brokers only
,ouId give assurance that the purchasers
could realize returns equal 10 their ex-
pecJationS.
AMID this large call for properties. the
brokers seem 20 he making some good
deals which may be expected 20 crystal
ne In the winter months. All Jhcse IN
,uirers are taken In hand by the local
brokers, and are shown that while eX
o-bitalt dividends should not he expected.
NUt investment in Washington real es-
-aJe will pay good returns. Tor the city
s IN d period OF great expansion as the
out side investors have been informed. The
hest use is made Of the climate conGi-
lions. and al The other advantages pc
cLIiar to the capital in seeking 10 induce
outside capitalists 10 purchase good prop
cr-y bore.
apartment Houses Sold.
Among the more important sales OF
t.e past week were those OF The Wiaton
and Stanley apartment houses 20 Ches-
ter =. snow by Moore & Hill; twenty
one brick dwellings, on Hickman street
Tor 7. Franklin Schneider by Stone &
Tai-laX
slump in Building.
Though tne inspector Of buildings il
lis monthly report said that there had
been @ slump in building operations in
October, as compared with previous
month and the same month a year ago.
there IS by no means n cessation in thes
operations. The local builders have taken
cut permits for something Ike fifty new
houses during the week, and these will
he rushed forward to completion with
The coming spring.
Trust in Flats.
A broker yesterday let the cat out of
the bag with reference to the increas-
Ing tendency of families to leave the
apartment houses and seek separate
houses. He said that IN the summer there
was a meeting Of the managers Of apart
rnent houses, at which It was determined
10 put up the rentals in tile better class
OF fats. Il was thought at that time
that the popularity Of these places Of
living warranted an increase in the rent
aL The managers found that the tenants
would not stand the cost OF fncreas sed
rental They began TO take 20 the sep
arate houses. and though IN some eases
the apartment managers receded from
their position as TO rentals. even that
WAS not sufficient 10 stop the movement
20 the individual homes. It went for
ward and has continued through the fall
months. and this broker said that some
% the apartments OF the city would have
empty rooms this winter, judging from
tho slow manner In which the apartments
are SLING up with the coming back TO
the city OF people, Just prior 10 the open
ing OF Congress This broker said there
was a distinct feeling among many who
had lived IA fats that they preferred
the separate house. and he thought the
time had come when . reaction had set
in toward the old-fashionef method Of
living in ones own dwelling.
Small Ssor~e xK-.,s.5