The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-10
This Despite Fact That "Of'-
Season" Period IS
Now On.
HOME BUILDERS BUSY
Money IS Generally Easy and
This Adds to the
Impetus.

\ week Of clear. comparatively mild
weather has had the effect of stlmulat'
ing the realty market some. according
to local dealers, although no features
have been reported This period Of
the year is declared by most to be the
off season. for real estate, although
general indications seem to point to
healthy standard business with alter
mating bright and dull spots each week.
This is held largely responsible for the
disagreement that seems at present to
exist among promoters and dealers as
TO the condition Of their business.
A firm which the previous week re.
ported satisfactory trade gives out the
information that business for the past
week has not been as promising as
could be hoped for. On the other hand,
a firm which the previous week re,
corded dull business has set forth that
the past week brought unexpected, en-
couraging results, The different leal-
ers have varied in their estimatioDs of
business conditions since the beginning
Of the colder weather. However, the
consensus of opinion indicates that the
past week brought An Improvement gen.
crallv. due TO some moderation in the
weather. number Of transactions
have been reported. inquiry appears 10
have become brisker and IT. is declared
numerous deals that had been expect
el to lapse until spring will be closed
within several days.
Demand for Homes.
The demand on the part of small in.
vostors for homes Of modern construc
tou but moderate cost still obtains and
continues encouraging. Several of the
larger realty firms have launched
schemes by which homes AMI property
can he secured on the deferred pay.
ment plan. Such offerings, it is de-
clared. are being met with growing
favor by prospective buyers, In many
instances, homes secured on the rental
basis. are being acquired through own
crs allowing each month payment 10
apply on given principal, the rate
including what would be fixed as rea.
sonsble interest fee on so much money
loaned out The tendency of people 10
reach out after properties under such
an understanding is regarded as evi-
dence of future healthier market and
as stronger faith IN local property
values.
An increase in home building activ-
ity was also apparent, especially in the
newer residence additions on the north
east and southeast benches. During the
summer, many people purchased lots
and work was started on new homes
The early advent Of cold and stormy
weather postponed operations some.
what and 1t was thought construction
could not be taken up again until
spring. However clear weather AMI
partial abatement of the earlier cold
snap has given builders an opportunity
Of rushing work TO completion.
Pushing Improvements.
This condition applies with regard to
building operations on a larger scale
both within the business district and
on the outskirts, Improv ements in the
different subdivisions bavo also been
taken up again TO certain extent, and
promoters AMI owners declare activities
will not cease for the winter until the
weather forces. In the center of the
city, work on the large structures is
going on with viGor
Money for building aud Improvement
purposes continues easy, and move
ment was even felt during the week to
solicit debtors on investments aud
properties of legitimacy, Interest rates
have not changed, Collections have
been up TO the standard AMI outside
transactions have felt an impetus un-
expected.