Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-19
REAL ESTATE GOSSIP
Brisk Demand for Houses is
Still in Evidence.
BOTH HIGH AND LOW PRICED
Influence of Conditions on the Value
of Land.
BUSINESS PROPERTY MARKET
Money in Abundance Awaiting In
vestment in Realty When a Favor
able Chance Appears.
BUSINESS PROPERTY MARKET

According to the experience of some
brokers who have a knowledge of the de-
mands in the real estate market, there is at
the present time a greater demand for
houses that sell on range of from $4,000
to $4,000 than can be met with the supply
now available. 1t is also said that houses
that be placed on the market at about
$50 would find buyers. --. ..-..
Such phases of the condition of the realty
market of consequence, because it is
indicated in these respects at least there
are not too many houses. 1t also shows
that there are people in the market who
are looking for homes, and, while that has
been and is now FAM al, feature, still. it
Ia reassuring to have fresh evidence of the
fact. '"''' - "''r
Market for Houses
II Is also noted in this connection that,
according to the report of the real estate
agents who come in contact with the per
sons who constitute the market, that they
are buyers and not mere renters of prop
erty. The number of people who want to
buy houses at the range, of prices above
stated is not mentioned. but il is evident
that they are sufficiently numerous to make
an impression on several brokers' and nsa use
them to keep in mind the deficiency in the
market to which their ate ntiefis is thus
called.
1t is generally supposed that when a per
son has much as $780, 800 or $4,000 to
put into a house he is inclined to buy lot
and build u house according to his own
plans, and therefore likely to suit him much
better than one that is~built for the gen.
eral market or for some individual.
At the same time houses nowadays are
built with so much taste and planned with
such knowledge of what the modern house
hold needs, even when they are put up
merely to supply the market that a pros
pective buyer is often convinced he cannot
do much better himself, and in that way it
happens that people of large means are
willing to take houses built for some one
else or by some one else rather than go to
the bother of building.
What Most Buyers Want.
The number of buyers of homes of the
class in question is of course not as large
as those who constitute the other class. for
1t is well known in the real estate market
that the number of buyers decrease with
the rise in the price of the property The
great bulk OF houses built in this city sell
for eight thousand dollars and less and
when houses can be had at about the five
thousand dollar level then it is found the
largest number of people become interested.
One of the things about the market here
for the past few years has been the in
crease in the number OF home buyers of all
classes. The movement has resulted in the
building up of extensive new sections of
the city. and the end is not yet In spite
OF the fact that much has been done
during the past season and the previous
season toward providing the homes which
were wanted, the building of houses still
continues, and 1t promises to be a feature
of the coming building season.
Effect on Land Values
The existence of such a demand as that
noted gives some Idea OF the market. Here
In almost midwinter brokers are talking
about not being able to supply certain of
their customers because there is nothing of