Evening Star Newspaper, July 21, 1923, Page 14

REAL ESTATE Ask National Mortgage Body To Foster Real Estate Buying Realtors’ Association Also Urges Encour- agement of Home Ownership to Maintain Present Values. Encouragement of home ownership as a means of maintaining real estate recommendation for association, ational Association ate Boards as a step In on of simplifying financing were contained in thte report of the committee of the national ion recently. The report fol- “The news bulletl tion and new rmed regarding hou: throughout the countr: pected that Mr. Morse statistical organization to us the latest statisties in graphic form us to forecast e future. It is the business of the realtor to le to adjust those and forecasts to Jocal condi- aml to educate the members communi ow to ap learned in such a ¥then and improve real estate 5 of this a keep us in- ng conditions | ex- of the Babson will present 0- and show how of h iesson fy and standardize building codes, but @ competent clearing house such as the bureau of standards to study, pass upon, and publish improved methods of construction and labor-saving de- vices applied to the construction in- terests would be of great value. Encourage Home Building. “Your committe repeats its recom- mendations to encourage home own- ership. Not only a ues better . but the standard of citizenship is strengthened and im- proved. “We are going to hear more com- plaints regarding poor housing condi- tions with stronger demands for m: nicipal action. So long as housir construction s prog city nothing can be ga labor away from profitable construc- tion and using it for unprofitable co: truction, but the would-be reform r often’ does not understand why. When the demand for houses is more nearly met it is concefvable that the poorest quarters of our cities might then be reclaimed through co-opera- tion between reaitors and real estate owners. With intelligently aroused public opinion it might even be done THE EVENING INDIAA TAX LAN WIS WIDE PRAKE National Association of Real Estate Boards Asks Gen- eral Adoption. Initiation of bills in the several states looking toward the general adoption of the “Indiana plan” of con- trol of state and local bond issues is proposed for the National Assoclation of Real Kstate Boards in a’report which the legislative committee has made to the board of directors, Study of tho plan, under which Indiana taxpayers are declared officially to have been saved twelve millfons of dollars in the past two years, has been referred to the association’s committee on facts and problems with a view to petitioning the legislatures of the several states. through the local real estate boards, to include milar provisions in thelr laws. Adoption of the Indiana plan has'al- cady been urged by the association’s committee on taxation. Direct action lookingy toward adoption of law afeguard levies a t pos 1 extra ruption would be a serv- the BALTIMORE MAN SECOND IN SPEAKING CONTEST Competition Features Annual Meet- ing of Real Estate Boards in Cleveland. The Davenport, Fla., board, aby” board just admitted to the Natlonal Assoclation of Real Estate Boards, won the Cleveland attendance trophy with a 100 per cent attendance. Fred E. Reed won the Chicago cup for the Oakland, Calif., Real Estate Board by taking first honors in the annual five-minute speech contest. Harry E. Gilbert of Baltimore, Md., was awarded second honors, and third place was won by Ralph Swafford of Kansas City. BUY 8TH STREET HOME. Arthur L. Seitz and Mrs. Blanche E. Seitz have purchased through the office of J. Leo Kolb, 1416 8th street, northwest, for a consideration of $3,500. After extensive improve- ments the purchasers will occupy same for their home. country, the report of the legislative commitfee points out. Under the Indiana plan the state board of tax commissioners, upon pe- tition of ten taxpayers, has power of review of bond Issues and tax levies for the state and for local taxing units. On a single bond issue for a highway eleven miles long the com- mission, by directing a readvertising for bids, secured a saving of $200,000 tax | without any change whatever in con- tract specifications, according to Judge Wiliam A. Hough, chalrman of lce to taxpayegs throughout thel the indiana board of tax commissloners. STAR, WASHINGTON, D. C., SATURDAY, REAL ESTATE BOARDS IN ASSOCIATION NOW 491 Twenty Admitted to Membership by National Direciors at Re- cent Meeting. Membership in the National Asso- clation of Real Estate Boards throughout the United States and Canada reached a total of 491 boards with the election to membership by :.he board of directors of the follow- ng: Vero Realty Board, Véro, Fla.; Maywood Real Estate Board, May- wood, Ill.; North Shore Real Estate Board, Salem, Mass.; LaGrande Realty Board, LaGrande, Ore.; Montebello Real Estate Board, Montebello, Calif.; Chippewa. County Real Estate Board, Chippewa Falls, Wisc.; Emporia Real —_— JULY 21, 1923 Estate Board, Emporia, Kan.; Sara- sota Realty Board, Sarasota, Fla.; Mishawaka Real Estate Board, Misha- waka, Ind. Worcester Real Estate Board, Worcester, Mass.; Concordla Real Estate Board, Concordia, Kan.; Scranton Real Estate Board, Ser ton, Pa.; Grand lsland Real Estate Board, Grand Island, Neb.; Torrance Real Estate Board, Torrance, Calif.; Babson Park Real Estate Board, Bab- son Park, Fla.; port Realty Board, Davenport, Galveston Real Estate Board, Galveston, Tex.; West Hollywood Realty Board, West Hollywood, Calif.; Burtow Real Es- tate Board, Bartow, F ; _Rockland County Realty Board, New York. REAL ESTATE. SALES OF REAL ESTATE SHOW RAPID INCREASE Present Activity 60 Per Cent More Than in Days Before ‘War. Real estate obververs report an unusual amount of real estate uc- tivity present in virtually all parts of the country. Statistics from ten leading cities show that about 60 per cent more real estate is belng transferred today than in the average year previous to 1917. In most cities the peak in the number of transfers was reached .n 1920, after which, in 1921, there was a considerable dro with another increase this year. An interesting fact at estate transters follow closely ge eral business trends, which mea that if the real estate buyer is judge of future values he rmust be keen student of gencral busines trends and conditions, ‘WESCHLER SELLS IEOUSE. Adam A. Weschler has sold the tw story residence, 1932 4th street nor: east to Mr. oRbert E. L. Thompsor The sale was orted to J. Leo Ke 1205 Farragut St.| (Saul’s Addition) The Chanc: of a Life T Obtain a Really Beantiful Home An Inspection Will Settle the Question Detached, on exceptionally large corner lot—wide front and side porches: ten rooms, including large enclosed sleepiug porch and break- fast room; two modern tiled baths and shower: big attic; open fire- place; hardwood floors and ivory and mahogany trim; French doors: many other features of interest to the home lover. Owner Must Leave City Edgemoor District HUNTINGTON TERRACE: ———— B A Delightful Location— A Sensible Plan of Operation These are the outstanding reasons for the rapi progress of Huntington Terrace. considered first here, Your interests are If you have found it difficult to and Has Materially Reduced Price for Quick Sale Chas. D. Sager Egzclusive Agent 912 14th St. N.W. Main 36 Main 37 profitabl obtain the kind of house you want—come out to the rolling landscape of this delightful subdivision and nestle your home in a picturesque setting, out-ri- valing your fondest dreams. "INSPECT TOMORROW 3435-37-39 Mt. Pleasant St. N.W. The Best Buy in This Section Money Cost Reduced. s ago the public in gen- many realtors felt acle to overcoming the the high pri prob- hart of Col. Ayres of the Trust Company shows the of houses and the “Two eral the chie housin 1 and sc ¥ > OV lem which was being most discussed industrial confer- how to finance building pro- recently reported that a large extent the of housing st of money was no more a fa it was In bus! rally, but the mista was made of not appreciating the e: tent of the housing shortage and tc what extent it would prevent the fall ng of values when the expected fall in money rates came. The o undrstood these facts and knew local market was usually able to ance non-speculative buliding pro- s, although doubtless at times his bankers sense shortax years Huntington Terrace didn’t just happen—it was planned—planned for those whose demands cannot be fulfilled by ready-made hous You can have built what you want here at a surprisingly low cost. Takoma Park We will welcome your visit any time. Homes “DOVER BUILT” MEANS “BUILT FOR THE AGES” Construction Inerenses. “Dow nd others all show reports yre and wh his in- { fl to make on. Motor through Bethesda, following Rockville car line (not Rockville pike) to Huntington Terrace gateway—or take Rockuille car, which passes property. The DOVER CORPORATION Ouwners and Builders > situa “However, there is room for prog- ress in_question of finance. A na- tional first mortgage company sup- ported and conducted by this national ociation through its members sell- ts bonds secured by its mortgages, the bonds being carefully protect might do much to stabilize and eq: rates and stmplify c rent move money r: are bound to be influenced legitin and _the f should be better understood. Must Teach Value. “The housing situation will be help- ed by more teaching of the va 4 home ownership, by giving more at. tention to teaching the first principie of real estate economics. and by 1g the real meaning of the ef- t of the statistics, facts, and for casts that are gathered v their application to local conditions. The realtor may still and s have plenty to learn, but at present he needs to be more interested in teach- the public to have a better un- derstanding of the real estate prob- lems that trouble them. | said_this month by Vice Presi- dent Holdsworth of the Bank = Record-breaking Selling viduals and organized units mu ral to defense of our modern cap- | —which means Homes of surpassing merit PRICE, $9,250 Six rooms, bath, open fireplaces, front colonial and double rear porches, and all modern appoint- ments and conveniences. Large lot. Big back yards. REPRESENTATIVE ON PROPERTY DAILY AND SUNDAY | JOSEPH C. ZIRKLE | 203 Colqrado Bldg.A $8,500—5-room modern home, with sleeplng porch; 2 squares from subway. Beax,!flul shady lot. House has all modern con- venlences; hot-water heat and fireplace; oak floors. $1,000 cash. $6,850—4 rooms, dining al- cove, full attic, basement, Tage, ‘Lot 76x200. Terms. | . Realtor—Exclusive Agent ¥ Sest part of Chestnat sves 15th and K Sts. N.W. Main 4600 on best part of Chestnut ave- nue. 4 bedrooms. Large rooms and closets. Hot-water heat. Priced low for quick sale. Lillie & Hendrick 23 Carroll Ave., Takoma Park Adams 3801 the « it cor inerease until arer to the proportion of labor costs. Still Restrict Rents, The war v tion, where ued, 2 being contin- hyst alw ing ren gardless Justice. r i jt can, r omic conditions o due largel the W Main 4985 as t real e owners do little to protect their i and those of the publ ightening public opinicn. “It will continue until the demand for more houses is met, unless so: thing more radical is done in educ ing the public, increasing production and lowering labor costs as increased the demand for acilities not for- italistic system, must come to to- morrow's contest against radicalism armed with thorough-going under- standing of the basic principles of | sound government and economic | ‘No unit is more representative of the interests of real estate owners than this association, and it Is up to the assoclation to protect their in- terests by aggressive intelligent con- structive action. merly considered e: atively lit been made — toward reducing co; d’increasing | Miss Willetta Huggins, a totally speed in the construction of gouses. |blind_student attending the state's ‘The small house service bureau i8{school at Janesville, Wis., has amazed & step in the right direction. and the|the medical men and scientists by her | Department of Commerce is doing a’marvelous ability to distinguish col- valuable service in helping to simpli- ors through vibrations. Unusual Values in Unusual New Homes 5 Rooms and Bath to 8 Rooms and Bath A Wide Selection of Designs and Sizes $750 Cash On Smaller Houses—Easy Terms on All | Among the four remaining houses pic- tured here you will find three distinct types from which you may make your se- lection. In each you will find every modern convenience, such as hardwood floors, hot- water heat, electric lights, steel construc- tion, etc, Each house affords a large liv- ing room with open fireplace and many small features, such as floor plugs, built-in bathroom fixtures, and in some cases built- in refrigerators, The prices are reasonable and the terms absolutely the casiest of- fered on any property in the city at all comparable to these in quality You'll Have Found a Home to Suit When ybu inspect this charming group at Albemarle and 38th Streets Chevy Chase, D. C. The location is superb—and all three of the types of these Homes are consistent with the environment—a Kite designed neighborhood. Each Home is Wholly Detached The lots are large. The plan pleasing. The construction all i that the name Kite im- The environment most plies. attractive. The price unparalled. Six rooms and sleeping porch; tiled bath, hot-water heat, stone foundation, stone fireplace, slate roof, concrete porch and best of finish throughout; gas and Corners . . . $10,950 10,500 500 to 524 Whittier Street N.W. Open Daily and Sunday To inspect, take 9th St. car marked “Takoma” to 5th and Butternut Sts. and walk south to Whittier. You truly get more in these Homes for the price asked than in any others in Washington—and you'll find the location not only most convenient— but very attractive. Mass. Ave. and 16th Street Southeast They are so planned—that the Second Floor may be converted into an Apartment—sink and gas stove connections are already provided. The construction throughout is typical of Kite workmanship. . Theyare six-room Homes—living Room—Din- ing Room—Kitchen, and three Sleeping Rooms— Tiled Bath—Front and Back Porches and big Sleeping Porch—plenty of roomy Closets. Best type of hot-water heating system—with separate heater for kitchen and bath water. Beautiful floors and trim throughout. Handsome Electrical Fixtures. Excellent Gas. Range—and ample ]f?rgs;crs. The Kitchen has sanitary tile-like nish. Mass. Ave. . ... $8,250 16th Street . . . 7,950 You'll like the terms Go through the Sample House, 1526 Mass, Ave, S.E. carefully—any day or evening, You'll find one of our rcpres_entativcs there, In the house pictured to the right you will find a truly handsome eight-room resi- dence. It is situated ideally on a good sized lot close to schools, churches, stores and car lines, The first floor plan affords a large reception hall, a charming living room with open fireplace and built-in bookcases, well proportioned dining room with abundant light and air, and a kitchen arrangement, including back stairway, that will please the most exacting housewife. Upstairs you will find four splendid bed- rooms and a glassed and plastered sleeping porch, giving five bedrooms’ efficiency on two floors. A large attic assures ample storage space and cool sleeping quarters, This delightful home can be bought on very easy terms—you will do well to sce it today. The view commanding. Others . . . . —upon terms that will suit— Open Every Day and Evening Our Mr. Hamilton will be found at the Sample Home —or you can phone him for special appointment—Cleve- land 1490. Take Chevy Chase cars to Albemarls Street (first stop north of Bureau of Standards), turn west to 38th St, or Wisconsin Ave, through cars to Windom St. Built, Owned and For Sale By 6815 9th Street N.W. Open Daily and Sunday To inspect, take 9th St. car marked “Takoma” to 9th and Butternut Sts. . S. PHILLIPS REALTOR—BUILDER The Phillips Building Member of Washington Real Estate Board Built, Owned and for Sale by Harry A. Kite Member Washington Real Estate Board Phone Main 4846 15th St. at K (Incorporated) Member Washington Real Estate Board