The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-04-22
STEADY DEMAND
FOR REALTY
FORECAST :
Washington Market in Healthy
Condition, John L. Weaver
Believes
BY RICHARD HATTON.

That the demand for Washington
rela estate will be. steady and con-
tinuous is the belief OF John l..
Weaver. Of weaver Brothers, VINO
speaks. with full knowledge OF con-
ditions. both past and present,
gained from long and successful
career in the real estate field. Mr.
Weaver is past president of the
National Association of Real Estate
Board and speaks with undoubted
authority and from conservative
standpoint.
Outlining the reasons for the
present healthy state of the local
real estate market today, Mr.
Weaver said:
Washington city real estate is
enjoying a sharp healthy market
not a: boom A market because all
offerings, whether Cor housing or
for business. are being absorbed
as rapidly as produced by those
who btIy for theik own use. Not
a boom because property puI:
chased in a booms is for speculative
purposes, with the resulting disap-
pointment to the ultimate holder.
''One of the fundameRtal reasons
for Washington's sharp, healthy
market is its dependable. high
grade wage-earning class. These
wage-earners do not suffer the
usual loss OF time, nor are they,
as a class, subject to any heavy
turnover. They are a class Of citi-
zens of high ideals, whose style of
living is much higher than the
average. A marked demand is
found for the finer higher priced
residences by the leisure class. This
branch OF the market has, in re-
cent years, shown a marked i'm
petus.
Demand For Choice Shops.
The great merchandising con-
Germs, national as we'll as local.
were very prompt to appreciate
the purchasing power OF the
Washington wage-earning group.
This has resulted in a sharp de-
mand for choice shops and stores.
Every chain store. system of mo-
is seeking one. No better check
of the assertion that conditions
here are healthy can be had than
the leasing OF store space by these
great organizations.
1T is not generally appreciated
that Washington is a real rival Of
the great recreationaI resorts. The
thousands Of tourists and the con-
vention crowds are more and more
In evidence as the years go by.
Washington enjoys an unusual
amount-of national advertising
Not only is much space bought
and paid. for by, for instance. the
great railroad system, but columns
Of space are given to describing
the beauties of the Capital City
ir the great metropolitan dailies,
and many articles are published
I'm the magazines and weeklies.
One large publication recently de-
voted an entire issue to the Cap
ital City.
New 10th Street Buildings.
THE future Of Washington can
not be overstated. It's ideals are
those Of the leading thinkers Of the
country. A proprietary interest in
IL is being shown by many Of the
national groups, notably the archi-
tects and those national asso-
Citations having TO do with housing
and city development. Great for
eign nations are providing them
selves with greatly improved en-
bassy facilities. This will be seen
in the notable buildings erected in
Sixteenth street. The British en-
bassy recently acquired an extern
sive site in Massachusetts, avenue.
For these, and many other
reasons, it is a conservative state
nent that Washington has, and
will continue to have, a healthy,
sharp demand for its real estate,
whether for housing, merchandise
ling, or investment purposes, and is
in no danger OF a boom-that
menace to sound. healthy real estate
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