Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-09
NOT ONE CLASS ALONE
People of All Conditions Are
Home Buyers.
HOUSES BUILT FOR MARKET
Washington Denominated a City Of
Residences.
RECENT REALTY TRANSACTIONS
Opportunities for People Of Nearly All
Degrees Of Fortune to Acquire
Property.
HOUSES BUILT FOR MARKET
RECENT REALTY TRANSACTIONS

Much attention has been called to the
real estate market recently owing mainly
to sales OF large residence sites. In some
respects such transactions may be called
the spectacular movements of the realty
market. Not that there is anything I'M
real or unsubstantial about them or that
they are not important in the current bust
ness Of the market, but simply because
they attract a degree of attention which
Is entirely disproportionate to their signif-
! canoe.
1t Is. Of course, event OF importance
when an individual pays sixty or seventy
thousand dollars for a building lot with
the purpose of erecting a residence suit
able for use as home and. OF course.
in keeping with the character of the site
as indicated by its value. In addition to
the advantage gained in the adornment
penditures which the building of homes of
that character involve is a good thing for
the city.
It is evident the number Of wealthy peo-
pie who make their homes In Washington
| is increasing, and while that increase is
not out Of proportion to the general growth
OF the population, which has been such u
notable feature Of the past few years in
| the history of the city. stin IT is of such
a character as to attract attention and
arouse the interest of the public.
Why They Are Known.
The movements Of such people merely be-
cause Of the great sums of money they spend
in living and in providing homes for them
selves figure largely In the public eye. It
goes without say that rich people. as a
class. may be hardworking and useful
members of the community and as in
divfduals they may properly claim the re-
spect and admiration OF large circles Of
a I'M 10 nna n.Vk Nt2wy
personally to the community and as q
rule they figure only as people who have
money and spend II.
As Home Buyers.
There are other phases of the real e.
tate market which are OF equal conse-
quence. namely, the increase I'm number of
small home owners. From the view point
of the census this class far outnumbers all
Others and 1t Is the increase in recent years
in the buying Of houses that tustifes the
application Of the name, the city of
homes" The volume of realty transactions
OF this general character figures conspicu-
ously in the general prosperity. which is
becoming 80 marked.
House Building for the Market.
The practice of home buying has become
SO general in Washington that all classes
are found in the ranks. and. in conse-
quence. houses of nearly all grades from
four or five thousand dollars to fifteen
thousand dollars and more are built In
large numbers for the market and are
readily sold. The extent of the business
of building and selling houses might have
passed almost without notice had It not
been for the fact that the suburbs have
been pushed farther and farther away.
Thousands IL not millions, OF dol
lars have been expended In the past year
or SO in providing houses for the growing
class of buyers, and the movement Is by
no means over. 1t is believed that house
building will be the feature of the present
season.
There are various reasons for the exist
ence of a good market for houses in
Washington. The population is increasing
and a steady trend toward the capital
has been noted on part of people. who have
acquired wealth elsewhere and who choose
the "city beautiful for the homes of the
next generation.