The Washington times., 1913-05-10
MAY REALTY SALES
OPEN AUSP|CIOUSLY
First Week Of Month Takes Sec.
ond Place for Activity in
Record Of Year.
INQUIRIES FOR HOMES BRISK
Effect Of Sundry Civil Bill Is
Felt in Demand for Houses
From Northeast.
INQUIRIES FOR HOMES BRISK

May trading in real estate opened
most auspiciously. The first week Of
the month took second place in the
record for activity in 1918, being ex-
ceeded in the number Of transactions
csosed only by the initial week CT
April.
During the past week the brokers
succeeded in completing 40 deals. IN
which were involved 25s lots and par
cell of real estate. In the first week
of April. lso sales were effected. IN
which were comprised the same num-
Der Of lots as changed owners In the
tast six days.
While sales have been brisk during
the last few days, the brokers expect
Increased activity as the month pro-
Efesees. The belief that May VIII sur
pass its predecessors OF this y,, year ana
sprfi1g business is based in part on
TIE. Increase in the number Of In
asiriee for homes and investments
daily being received by the brokers.
Effect Of Sundry Civil Bill
In some measure, the inquiries can
be traced to the generally accepted re-
port that President Wilson will approve
the sundry civil bill. which carries an
appropriation of 100000 to pay for
the acquisition of nine ana one-half
squares of ground lying between the
capitel and Union Station. A number
of homes will be taken. and the occu-
pauts viii be In the market Tor new
locations for their household g,oos.
The owners of vacant property In the
area will be hunting investment Tor
The money received from the Govern
nent for their land.
trfbuted, no one day having a majority
OF the business. Thursday took the
iead With q total of thirty-six sales.
Monday and Wednesday were close az
il credit. There were twenty-seven
trades consummated yesterday and
tVenty-three on Tuesday. Saturdays
baif holiday witnessed the closing OF
sixteen deals
Suburban Sales Lead.
Purchasers are answering the call OF
the suburbs and as a result the outlying
sections were far in the lead OF the
weeks trading. Ninety-nine parcels OF
suburban realty changed hands in the
mast sfx days. The near-urban district
vt,s In second place with fifty-nine lots
conveyed. Third position was held by
the northwest with a total OF forty-two
three lots sold in the northeast. four
teen 10 the southeast. and six In the
southwest.
while several important sales Of busi-
ness property are In progress, on some
Of which deposits have been received
and titles are being examined. none
reached the record stage In the first
week Of May. Residence property ana
sites for new buildings practically mo-
ropolixed the weeks trading.
Loan Business Advanced.
A decided advance is seen n the
losn busines Of the initial eek OF
May over the closing days - last
month. The figures for the past week
show an excess Of 100000 over those
Of the previous six days.
The exact figures in the money mar
ket are $s1s,2s473. This sum was
borrowed during the week on the
security Of 1,225 lots at an average In
terest rate of ~ per cent.
Straight loans maintained the lead OF
the weeks business with an aggre-
gate of $4SS,S38.75. The sum OF all
the notes given for deferred purchase
money was $l6s,66578 The output Of
the building associations was $150.75o.
The northwest ranked highest as
basis for loan security, total of
S4O6, ,25l.69 being borrowed on property
there. Land in the county was pledged
for an aggregate Of 1888, 40O.51. The
record of loans in the other city sec
tions was: Northeast, s2S,S215l;
southeast, $2s,525. and southwest.
el2,25o.