The Washington herald., 1922-01-08
LOCAL REALTORS
EXPRESS NO FEAR
OF SALES SLUMP
Washington Makes Big
Strides in Home Erec-
ton and Improvement.
HAVE BUSY SEASON
Real Estate Board Has Strong
Secretary in John A.
Petty.

year jammed full of real es-
tate deals in which Washington
has swept ahead in building and a
year fairly loaded with the efforts
OF the Washington Real Estate
! Board for city betterment sums up
IN nutshell fashion what the year
1921 can boast OF in respect to
realty.
Local realtors are highly opti-
mistfc over the predicted 1922 sales
boom here. 1t is expected that the
new year will bring forth twelve
months of unparalleled activity in
tne realty profession. Several lead
ing realty brokers have expressec
their Optimism" herewith.
The steady growth of Washing
ton is inevitable, according to Her
bert T. Shannon. of shannon and
lIuchs. Comparing present condi-
tions in the District with the past
International greatness of Rome,
Realtor Shannon said that this city
In the next twenty years will not
be able to hold it's citizenry.
WashinEton's growth in popula-
ton has been equal to the other
great capitals. he said. He predict
cd steady expansion here rather
The coming plan has greatly in
creased the value of property. 1t
Is to be remembered. he said, that
washington is only ten miles
square. The next twenty years will
see city brimful of citizens with
the neighboring communities boast
ing OF a goodly number of her
workers, he concluded.
r. L. McKeever. of McKeeYer and
Foss, said that Washington realty
brokers' need have little fear as to
what the new year will bring. 1t
has been established beyond a
doubt that real estate in the city is
steadily increasing in value. he de-
clared.
Il believe that the future of the
real estate market here is secure
and that buyers can invest with the
feeling that they are getting the
best prices that will be obtainable
here for a long time" he said.
That an increased demand for
homes will be sen early this spring
in Washington was voiced by Fred
Company.
Thomas Jameson. of sOs New
York avenue, intimated that a
bright future awaits Washington
in 1922.
The members of the Washington
Real Estate Board are giving their
hearty support, according to Mr..
John A Petty, executive secretary,
to the boards activities as outlined
for the coming year. The willing
ness of the individual members to
recognize the usefulness and ad-
yantages of the code of ethics"
adopted by the board insures the
accomplishment of much good in the
future. 1t was pointed out that the
code of ethics" has not only been
the means of developing a better
understanding and a spirit of rnu-
tual cooperation among the mem
bers of the board. but that the good
influence thereby created was be-
ing recognized in general through
out the city.
In many cases. through its ac-
tivity the board has been the means
of protecting the public from I'M
ethical and dishonest practices. This
has been recognized as public
service of the board and It has will
ingly and freely co-operated with
those who have found themselves in
difficulties resulting from real es-
tate transactions to the end that
they ultimately received satisfac-
tion and justice.
Matters pertaining to the pur-
chase and sale of real estate are of
much graver Importance than the
average layman realizes. With this
in mind the board during the COM
ing year will endeavor to educate
the public to use great care in mat
ters pertaining to their real estate
and seek advice from competent
and trustworthy sources
It will also ever be alert to cor
rect and eliminate unethicaI prac-
\tices and will require from its mem
bers the highest recognition of re-
1sponsibility in this connection.
Due to the recent change in
classification of members a large
number of the younger men in the
profession have been admitted to
associate membership in the board.
These new members will take an
active interest in the boards work,
and it is expected that certain So
cial features will be inaugurated
for the purpose of bringing the
members together informally,
thereby extending the opportunity
to enlarge the acquaintance and in
crease friendly relations