Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-12-12
REAL ESTATE Activity IS
AFFECTED BY CHRISTMAS
Holidays Slow Up Business Tenn
porarily = Seven Pines Prop
prty Moves Briskly.

Records In he clerks office OF The
Chanccry Court show quite large
number OF real estate transfera for
the week. although there We're TO
sales Of unusual Importance record :
ed. II ~ said by real estate men that
after the holidays. People. they Ray.
are too thoroughly worked ~ over
the holiday outlook to- pay much at
tention 10 the real estate market The
same may be said of building activi-
ties. II was stated in the office of
Building Inspector Butler that no
upheavul OF the present condition
would become apparent until the hol-
idays had passed and the winter
weather had given way 20 spring.
The demand for homes is still. great.
but the lack OF Improvement IN :hc
housing situation and the present
h!sh scale Of prices is holding back
transactions. a number of agents ex-
press BELIEF that much buying will
be done af,e. the Christmas holidays.
although no marked activities along
this line ar. looked for before spring
when conditions are expected to b.
much more suitable To building opera.
lions than a. present.
Property I'm Demand.
Property NJ Seven Pines has b.on
much In demand recently and Gar
rctt & Co, which has charge of this
property. reports that sales II Seven
Pines within III. last few weeks have
rcachcb total OF $4,000. posta!
agents sent here to inspect the large
plan; a. Seven Pines, used by the gov
crnnent during the war for the hand.
ling Of powder, with, j view of cstab-
lishIn. a big storage plant for a poc-
tion o. the 5000 trucks, passenger
motors and motorcycles acquired by
the posta! service and the cnnst.uc-
ton OF a manufacturing plant for
postal service bodies on motor cars.
Will Civ. their hearty recommends
tons Tor the establishment of such :.
plant. y permanent plant OF this
nature will mean much In the devel-
oplnen. OF Seven Pines and would be
a big asset TO the industrial lite OF
Richmond.
Take Tp Housing Problem.
Members Of the Richmond Real rs
tate Exchange are working 10 ale
y!a;c conditions arising from the
scarcity OF homes and plans toward
this end We're presented To the bank
.vs q: R:chmond ~ 4 conference be-
tween iii" saecia! committee appointed
BY the Real Estate Exchange and the
members OF the Richmond Clearing
House Association several days ago.
The association received q resolution
drafted by the exchange which calls
on tho bankers TO aid in financing
| building work. 4 frank spirit. OF CO.
operation prevailed at the conference
and all phases OF the problem were
| considered In connection with plans
to NEE; the emergency situation.
/: % expected tina; the report OF the
| committee, of which Leroy Brown is
chairman, will be presented at spc-
clal meeting of tho members OF the
exchange this week. A. result oil
the conference between IN. realtors
| and bankers. the committees repor;
is expected to contain important rec
concentrations and suggestions 10 i'm.
prove conditions.
| Among the realty transactions re-
| corded were the following:
p. l.. W. Goodwin To Irene V. Fry
2ls Eas; Franklin Street, $4,000.
a. ]. Kirsh 20 Alfred and Mary Mill
north line OF Eighth, near Franklin
$4,000.
| JOSH. D. Nelson 10 tho Land I'm
provemen, Company OF Virginia. so4
Noble Avenue. Ginter Park, $4,000
Ida l.. Craig 20 a. L. Herring. ST.
West Grace Street, $4,000.