El Paso herald. (El Paso, Tex.) 1901-1931, 1919-08-23

IL PAso real estate values. which
Il have remained practically station
airy for the last two years. have
startd to advance. and are due TO show
a steady and healthy increase as the
normal result OF the constantly in
creasing flow OF new residents into
the city. according to the consensus
Of opinion Of the real estate dealers
OF FL PasO- Housing Accommodations
are beginning to fan short OF the de-
mand.
The recent squirt in the construction
OF new cottages and bungalows has
not yet reached proportions sufficient
TO keep pace with the demand for
homes. The stagnation OF building
during the war. has also produced a
shortage OF suitable business prop
erty to care properly for the demands
created BY the growth OF the city.
An unprecedented condition exists
here for tails time OF the year with
regard TO new people. who are COM
ing here to make this their perma-
James L Marr and company. We
have from 20 10 80 people in our
office every day inquiring as 10 the
renting or buying Of homes in FL
PasO There IS q marked tendency
for people TO buy lots and construct
their own homes. the general public
having been educated 10 the TACT that
the price for building viii not slump
in the immediate future. II At all
Sold aE Fast a. Built.
One hundred and fifty bungalows
OF from four 70 six rooms each, are
now under construction These new
buildings are situated In Richmond
Terrace. Manhattan Heights, Austin
Terrace and Government Hin. IN east
Fl Paso. The great majority OF the
residence building Il In additions 70
the east OF the city. The houses are
being sold about as fast as they are
sAs a matter Of fact, this Is a very
good time to build a contemplated
home. as prices are more apt to IN
crease than decrease for q long time
10 come Homes are being sold here
on very liberal terms, much ike pay
ing rent
People in this city are taking more
pride in their yards than ever before
A very marked Improvement IS notice
able in the last year or two In the
general appearance OF lawns, shrub
berry and yards.
The sale Of real estate has been
continues to be so. We look for the
most active period IN thet history o.
the city this fall IN the real estate
market The price OF land Is going up
now The man who held and Is still
holding real estate. Is about the only
man who has not profited by the in
creased price OF every commodity and
every staple IN the last year OF two,
as real estate Is ne last thing ef-
fected-
''But It Is absolutely certain that
property values are going up and VIII
continue to 90 up"
Demand for Rental Property.
A similar statement was made in
practically every real estate office In
the city. A P. Coles, OF A P Coles
& Bros. said.
I'VE have never Sad a greater de-
mand for rental property, both busi-
ness and residence in the 80 years We
have been in business. than there Is
at present There Is not q vacant
first class business store in the town
Rents are higher than I have ever
known them. but Notwithstanding
that. Il Is impossible to supply the
demand This Is also true OF residence I
property. We some times have a
dozen calls a day from parties want
ing to rent five or six room cottages
The rents on cottages also seem TO be
going up
7 don't know where the people are
coming from, but evidently a great
many new people are coming to town
I understand that there Is not a