The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-11-01
REAL ESTATE Newsstand
NOTES 0fBUILDING.
The War Scare No Longer Erightens
Anybody IN This Good
Town.
J MONEY LENDERS ARE ACTIVE
Many Mortgage Deeds Go to Prove
Truth OF Statement-SaIes in West
End Foot Up Well-Transaction
I'm Suburbs.
MONEY AENDERs ARE ACrIVE

3 ! u To- (. i
Well. no there has not been Very
3 Dig selling during the week, but there
mas been q good deal OF lending of
money, winch means selling for. the
7wceBs that arc on ahead. The records
SNOW that the transactions In loans
tsnaNc materially increased within the.
past five days. and you know that
Z means that the money market is loosen
ing up. and, of course. you also know
.hat aloosening UP Of the money mar
Met means more buying of real estate"
Thus spoke one of the best known and
best Informed of the real estate agents
10 Times Dispatch, man yesterday.
Inls agent went on to say that lie
rather approved of the guardedness Of
'ne bankers and the money lenders
= VINO have been watching the war news
81 columns OF tile newspapers, but, at the
same time. he could not sec just why
a little old war. over. yondcr In Europe
should scare invcgtors In, Richmond ana
Virginia Reality. Tho bankers and the
money lenders may have seen things
IN different light, but, be all that as
u may, the fact remains that the
! bankersf and the money lenders have
iAeVidentIS come to the conclusion that
tichinond realty ia the best security
after all. and. In spite of wars and
rumors of wars they are getting ready
to turn loose good deal OF money I'm
S home Investments. real estate for in
stance.
This agent told me Of seyera! big
4 loans and some on the small order that
he was personally cognizant OF that
had been Effected on real estate Sc
! curly within the past week Natural
Z ~, lie looks upon this as loosening
up OF the money market, so far as real
estate Is concerned, and hc.sthereforc,.
looks for some better business as the
DAYS go by, and the borrowers OF money
AID The lenders OF money get actively
Interested.
In the meantime, there was .ome
. business done last week. within the
city limits there were various sales
that, within the aggregate. footed up
something over 100000. and there was
very nearly as much business done in
the suburbs.
1 have heard OF several very good
sales. mainly OF suburban and West
End residential properties, the most Of
which arc not just now mentionable
hut all the same they have been con-
stick.
Just as this report was abou, to be
closed there came an authentic an
nouncement that Zimmerman {: Co,
real estate agents, ut late hour yes
tcrday afternoon. closed deal for
West End residential property that
involves an amount something like
$4,000. The deeds have not yet been
signed. and. therefore. the parties to
ituS transactions were
retieent, but II will all come out In
the wash
During the past month about 500
deeds OF bargain and sale were recorded
in the Chnncery Court. and in the
courts where suburban deeds are re-
corded as man. as $40 went to record.
This Soes to show that the month of
& October was not altogether staSnant.
so far as real estate is concerned.
An5of the agents arc hopeful and
some OF them nre getting TO be rather
enthusiastic ms to the. winter outlook.
They argue and argue we'll. that all of
this talk that has had tendency
TO rctard business OF all Kinds, includ-
\ Ing that of real estate, has run its.
course, and the time has come when
permanent investors are paving no
more attention to 1t.
The large number OF deeds of trus:
executed and recorded in the Chan
Gerry Court for moneys loaned for zeal
estate buying and for building pur-
poses indicate that the borrowers and
the lenders alike are no longer fright
oned by the talk of war away off yon-
der In another country. and arc get
ting down TO business in their own
country. All of the agents arc look
ing forward TO good winter business