OCR Text |
Show Dealers Generally Are Hopeful - I of Improved Conditions Jj When Su m in er I s 0 ver. . iff TIGHT MONEY SITUATION U STOPS BIG INVESTMENTS Many Inquiries for Desirable .'H Property Are Taken as II Good Sign. MM A hopeful tone pervades the real cs- JIM tate market. Business was-slauk dur- '$W ing the past week, but dealers generally fil are of the opinipn that bettor .coudi- fijl tions will pro vail when the good old summertime is over. No d'eaUs of any '91 coiiBCcpicnce were made during the -s Investors arc still -keeping in their '9 shell of reserve and will only coma out when cooler weather makes its appear- MM anco. Another factor enters into tho causes of the present quiet market. Mu Even if investors were disposed to 11 loosen up with tho available money in n . MM their bank accounts, they would nnd ' 'jh it ddllicult to negotiate loans, in case ' they did not have sufficient money to buy the pieces of property upon which $M they had sot their minds. m Thero is little doubt that the tight M condition of the money market has had ,-JM more or less of a depressing effect on M tho realty market. Jf loans were easier to negotiate there would be more sales M recorded than have been' recorded dur- JM ing the past few weeks. -m Dealers report that in spite of tho quiet condition of U10 market, so far -m as sales are concerned, there have been 'M many inquiries for desirable property. Investors are getting a lineup on tho M kind of property that suits their wants -M and when the money market loosens up M it is expected that several good, sized M deals will be consummated. -M Inquiries in Third South Property. M Many of these inquiries have been M about property on West Third South, . m 'M between Main street and the new Den- ver & Rio Grande depot. Tt is generally M conceded that as soon as the depot is jB opened to passenger trallic and that '-M traffic begins lo swing up Third South ! street in its movement to the business h center, that Third South street proporty M will show a lively advance. Already Ml tho prices of property on this street are . almost double what they were aboiit a year ago and further advances .nro ex S pectcd. 9 Even the extremely hot w.cathcr! has not kept the seeker after a place to hang- his hat on his own halllree from .'B making investments. Practically all S the sales made during the vcek were 3 of residence and unimproved residence !H property. The various dealers report -Jffl the sale of a number of modern homes. -! Lots in suburban tracts found fair sale. jaj |