The Washington herald., 1910-08-14
REAL ESTATE DULL
DURING DOG DAYS
Brokers Lay Plans for the
Fall Campaign.
STREET RAILWAYS LAY TRACKS
All Proof that City Is Constantly
and Rapidly GrOwing-LulI In Due
Chiefly TO Absence of Business
Men-Need of Money for Small
LOaRs-seeling Residences.

The real estate market during the
week has felt the dullness of the mid
sumner period, but has been withalI
fairly active. At the close Of the week
tho representatives Of the business were
saddened Nv the self-destruction of one
Of the oldest and most esteemed brok-
ers of the city. Many OF the heads of
firms are out of Washington on their
annual vacations. and business has been
running along in rather narrow grooves
In several offices plans are being laid
Tor vigorous fall campaign Of business
Correspondence of the week has brought
10 the city a good many inquiries for
houses, lots, and questions about in
Vestment OF money in Washington real
estate This is one Of the seasons of
the year when they come in greatest
volume. Some Of these are in the form
or commissions to find houses. some are
for the investment Of specific sums Of
money in business or ether property. and
others stu seek investment In choice
ground for Improvement purposes.
Will Purchase in the Fail
Upon the advice of brokers later in the
year these inquirers will come To the
city, look over available purchases. and
close the deals. With this class of buy
ers some Of the local real estate men
are busy at the present time.
other plans are working out for bust
ness building and Office structures. Quite
a number Of well-to-do men are seeking
residences in the Capital. and desire good
sites for their homes. Several deals are
said to be pending for residence prop
erty CT the more costly kind n satisf,,
this class Of inquirers. In some cases
options have been taken and the deals
Will be effected later IN the year if Ioca-
ton and prices are satisfactory.
While building operations fell OF sew
eral hundred thousands of dollars in
the month Of July. as compared with the
same month year ago. Washington is
stu growing constantly and rapidly II
is but natural that il should have an
occasional setback. but there is nothing
In the July report 10 cause anxiety. and
real estate men are looking forward to
large business for the fall months.
One Of the encouraging signs OF the
year is the extensive Improvement the
street car companies are making 10 their
lines preparatory 20 the purchase Of new
and heavier cars TO accommodate the in
creasing traffic over their roads Bota
the Capital Traction Company and the
Washington Railway and Electric Com
pany are rebuilding their main tracks in
the city. The Fourteenth street line and
the Z street line are al the moment the
principal scenes Of this activity. The
trackage Of both these lines was old
and Of too light a type to accommodate
the heavy cars that must be run upon
them.
The companies have chosen the dull
period Of the summer to make the inn
provements through the crowded thor
Oughfares mentioned. and by the time
the population of the city comes home in
September the new facilities will be
ready for the expanded service which
will then be necessary.
All this is part Of the evidence OF the
growth OF the city. The transit com
panies. realizing that they must move TO
meet the increase Of traffic. have made
these OUTLAWS. and in the coming year
facilities Of getting about Washington
quickly and easily will be vastly in
creased. OF course the street car serv-
ice must expand to meet the require
ments Of the population TO the suburban
sections. which requires more cars and
those Of heavier type. The old serv-
ice has gone into history or is fast
going there. and the Capital is Just en-
tering new period of splendor and ac-
tivity. The effect Of this will be more
business in every line, and the real es-
tate man Will get his share as the city
grows.
One factor lending its influence to the