The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-18
REALTY AFFECTED
BY WET WEATHER
Falling Off Is Noticeable
Only in Demand for Resi-
Dental Properties.

Two factors promise to contribute to
an immediate increase in the real es-
tate business of the Capital. according
to the way local realty operators size up
the situation
One of them is an expected improve
ment N weather conditions. It is adj
mitted generally that the rainy weather
of the past two months has been the
cause Of any sIackenins which has oc-
CURED in the market
The other factor is anticipated through
the Governments dismissal Of aged
clerks. This. it is said. already is CIV
ing evidence OF a greater appreciation
among Government employees Of the
economy Of home-buying.
When rainy weather Is experienced
jointly with falling of i'm realty opera
tiOns the weather is invariably blamed
for the depression. There is a double
reason for blaming The weather in this
case. however, for the reason that bUsi-
ness properties have not been as much
affected by the slack as the residential
What Experience Teaches.
It has been demonstrated often enough
to leave no room for doubt that fair
weather creates a demand for homes.
while the demand for business property
IS never affected by atmospheric cOndi-
lions. Thus, with the Capitals record
in the sale Of investment houses during
the past few months Indicating a steady
advance, ii is pointed out that sufficient
confidence has been manifested in the
market TO give the most optimistic col
Oring TO its future development
During the closing days of the present
week, when there were indications Of
r IN
ported an increase In the number OF
sales made, with one firm closing five
sales in q single day. Since the begin
ming OF the rainy season, virtually every
indication of fairer weather has pro-
duCed an almost insta -taueous increase
In the inquiries for homes made az the
various offices
In the meantime, work Upon houses
started in the early spring has progress
ed steadily, with the result that, once
the demand for homes has set in, the
market viii be in a position to offer
more completed buildings than was the
case at this time q year ago
Condition of Market.
This does not mean that the market
is better supplied, for, taking into ac-
count dwellings both completed and un-
derway, the number will fall consider
ably below the record Of June, 1853.
Indications are there win be fewer
sales Of rows OF houses hau competed
which was one OF the striking cll+l &C
teristics o. last years market, and lhlL
with mole houses of cred the activity o.
the mar .set viii SUlpasS Lial Oh laS0
Summer
Growth in the understanding and ap-
DreciatiOn Cr tho economy Of home puy-
inc esuecia.ly amout, Government en-
Moves II is believed. VIII re Ll-ol-
manifest This summe- than ever Eelote'
and will augment 90 no SUlali ar-ttS
fbe natural demand Tor homes. winch
is expected TO be ushered In with pet
ter weather s .t.,+
many Of the recently discharged aEeH
clerks of the Government are not OWL
ers of homes Were theFs iAe a. oL
dismissal would have fallen upon lAe.l
with less severity. 1t is Claimed, as
with this PRINCIPAL factor or Jhelr H l.t-
tenance provided for. they COCld nave
Secured and been supported In less re-
mUnerative positions
Predicts Busy July.
II is pretty generally understood lhaL
The benefit, of the iustallmcnt plan OF
buying houses are to be explained 10
Government clerks from now on more
extensively. and that the fight 10 estaD-
Ish the economic principle involved IN
the plan will be waged largely IN the
Government departments
Speaking Of the OUTLOOK IoL -
market one dealer today went so IaE
as to predict that July viii be the
busiest month of the year. ana wiz
eclipse the total sales mace IN july
wear ago. This prediction he bases up
on the showing of his own firm. Wllcn
last month adc a gain Of more than
$4,000 over May, Elt-
The ortfT1ism OF dealers over the fu-
ture of the market is generally shared.
II is now a question only of the slack
in business affecting 20 limited degree
residential property. and. when this has
beeD renedied. the general belief is that
The market viii record an unprecedented
expausiOn alOuE every line.