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Steady Realty Market Advance Expected to Continue This Year (Editor’s note: This is the last of four reports of the real estate market made by the Na tional Association of Real Estate Boards.) There is every indication that the national real estate market will maintain very much the same steady advance this year as it has for the past decade, according to the 42c semi-annual survey released today by the National Association of Rea Estate Boards. Reversing the experience of Worlc War I. when it ran the gamut of ups and doams. the present wartime market has shown no spectaculai movement in any direction, anc from local real estate boards report! In 376 cities it is fairly certain that there wiU be no radical market changes. Representing the carefully checked data and opinion of realtors in those cities, the survey is the second one completed during the war. This ie the 21st year it has been made, dur ing which time it has become the recognized factual index of the realty market. Steady Demand Expected. Continuation of the current strong demand for all types of property is expected in 84 per cent of the re porting cities. Increased demand is expected in 53 per cent of them and a growing scarcity of property is the most generally reported deterrent to sales. Residential prices are expected to stiffen further in 78 per cent of the cities and maintain the present level in 98 per cent. Prices for downtown business property and volume of sales are expected to increase as we get nearer to the resumption of some civilian production. A price rise is expected this year in 36 per cent of the re porting communities and 96 per cent of them feel that at least the pres ent level will be held. Purchase of vacant lots for home sites is expected to revive as we get nearer to the possibility of civilian home building. Greater purchasing volume is expected in the remainder of this year in 38 per cent of the cities. Many Areas Lack Plans. In only 34 per cent of the report ing cities are plans as yet being made for new home areas. In war industry areas, however, where war housing is still under way, 38 per cent have such plans. Rents for business property have l I 1 I | I j iSoearod n taprored property hi & D.^©* BOftrby MtryUnd and Vtr- P Security Finance B Corporation i Ull K Si. M.W. Dili. 1172 i REAL ESTATE LOANS FIRST TRUSTS to finance I or refinance homes in the District or nearby Maryland and Virginia. Current Rates Straight Loans or Monthly Payments LINCOLN NATIONAL BANK 7th fir D St*. N.W. 17Mi tr H St*. N.W. Vacant Modern Detached Brick 5508 Fairglan Rd. Bethesda *14,500 Thi* house is only about 2 years old and has just been redeco rated. It ha* 8 rooms, 2 baths, garage, gas heat and is on a nice lot. Reasonable terms may be arranged. Open Sunday 2 to 6 West on Bradlcv Bind, at Wisconsin I Ave. to Fairfax Rd., left 1 block f to Fairclcn Rd. Wm. H. Saunders Co., Inc. Eitobliihrd 1887 Dl. 1015 Realtor* 1519 |( Silver Spring, Md. 9304 Colesville Rd. Center hall brick residence of 6 rooms, I bath, built-in garage, | located on a two-bus line thoro f fare and situated on a beautiful lot. Wide center hall, large living and dining rooms, modern kitchen 3 bedrooms, 1 bath, coal hot-water heat, large end screened porch, in terior and exterior of house in ex cellent condition beautified with 8 mature trees, including fruit trees, shrubs, flowers, arbors and garden; lot approximately 80x155. Exceptional Value—Reasonably Priced Open Sunday 12 to 7 I Chevy Chase Realty Co. ITiclu.it rly | 3403 Conn. Ave. EM. 1800 -E I | Get FREE copy of Peter | I I Hunt book “How to Trans- g I I form Outdated Furniture." I Phone National 1703 1 I 1334 N. Y. Ave. N.W. (5) I presumably gone through their mast severe wartime strain. Where business rents are on a percentage basis, the rent total is increasing, i an indication of the bettered con j dition for retail merchandising. | Somewhat,higher business rents are anticipated in 20 per cent of the reporting cities, and only 9 per cent look to a further wartime decline in use of business properties and in business rents. U. S. Offices Factor. Office building space in those cities where the Federal Govern j ment is a renter is expected to be j affected when and if Government 1 occupancy ceases. If occupancy | continues as it now is. office prices j will go up. But for the remainder of the year no further change is expected in 84 per cent of the cities. War industry areas now begin to be less stable than the national | average. In some activity is in creasing; in others it is decreasing. I Shortage of retail business space is reported in 17 per cent of war areas. Office space is reported short in 15 per cent of the war industry areas. Inability to proceed with improve ments is retarding sales of business property. Operating costs in office property are a serious wartime problem. More and mo/e money is avail able for the financing of real estate investment. This, combined with wartime strictures against civilian construction and the consequent scarcity of desirable moderately priced residences, is a sustaining force to the real estate market ex pected to continue. Capital is ac tively seeking real estate mortgage loans in 94 per cent of the cities. Interest Rates Hold. Mortgage interest rates hold as they were a year ago in 65 per cent I Permits for New Buildings Hit Zero in D. C. Not a single permit for new construction was issued this week by the District of Colum- . bia. Though new building has been dropping off rapidly and steadily for the last year, this is i the first time that records for the last four years indicate per mits granted only for repair, re modeling and additions. Totals for the week show 22 permits granted amounting to $32,726. Last week’s total was $97,820, with over $77,000 of this amount for new construction. of the cities, but 33 per cent report falling rates and only 2 per cent show a tendency to rise. The fall ing rates are reported in 42 per cent of the Central Atlantic cities, 40 per cent of the Great Lakes cities and 40 per cent of the South Central cities. Significantly, inter est rates are dropping in 46 per cent of the reporting cities of over 100.000 population. Commonest rate for first mort gages on moderately-priced homes is 5 por cent. It is the No. 1 rate in 53 per cent of the cities. The larger the city, the lower the aver age prevailing interest rate. In the very largest cities the 4>/2 per cent rate is definitely commonest. But We have several clients for good 6 and 7 room homos (in N.W. D. C. and Md. areas) Call MR. FLORA Wl. 2388 with EDMUND J. FLYNN RE. 1218 " ' l! Near Naval Hospital | 8510 GARFIELD STREET 1 a Huntington Terrace, Rethesda, Md. B| a A Picturesque 'Cope Cod,# Home on o Large Corner Lot Jy The trees snd shrubbery on this 70 x175' lot oil the Old Georgetown Rd Is 5$ fa a perfect setting for this most attractive house. The first floor has a large Si IQ living room in addition to the dining room, overlooking a flowering garden RJ H iwo bedrooms and colored tiled bath Th« second floor has a large hail E 8Q room, two large bedrooms and bath and ample storage. Oil air-conditioned BJ q OWNER LEAVING § 9 OPEN SATURDAY AND SUNDAY 1 to 7 P.M. 3 Out Wise. Are. to Bank of Bethesda, left on Georgetoun Rd. to Roosevelt St E a left to Garfield St., right to house. gfl ? J. WESLEY BUCHANAN §f p 1732 K St. N.W. Exclusively * Met. 1143 to* _ 'Westhaven/' Md. ■■■■■KiSEllWMk-^MnMmiftMUtlU'Mlt. M.'w — 5515 Worthington Drive Just Off Mass. Ar'p. Unforeseen circumstances necessitate immediate sale of this lovely suburban home. Stone and clapboard construction, Early American 11 type. 6 splendid rooms, 3 bedrooms, 2 tiled baths, recreation room, attached garage. GAS HEAT. Beautiful wooded lof, numerous dog || woods. VACANT. Only 1 block from elementary school. Open Sunday 11 to 6 Reached via Mats. Are, U mile beyond Westmoreland Circle turn right on Baltimore St. 1 block, then left on Worthington Drue. Thos. J. Fisher b Co.. Inc. 738 15th St. N.W. Exclusive .4gent. Dl. 6830 i elsewhere a 6 per cent rate is com !moner than an under-5 per cent rate. Regional variations persist. The 5 per cent rate is by far the commonest in New England and in the Central Atlantic States and the Great Lakes States. It is the. com monest rate in the North-Central States and in the Northwest States. But in the Southeast States the 6 per cent rate has the edge. In the South-Central States the 5 per cent rate is barely ahead of the 6 per cent rate. In the Southwest the 6 per cent rate is by far the com j monest. Architects Will Sponsor Film Showing Wednesday j Plastics, the “wonder material of today and tomorrow" will be the subject matter of a technicolor film shown under the sponsorship of the Association of Federal Architects Wednesday, June 7, at the Interior Auditorium. -1 Selling Your House? For Quick and Reliable Service Call Arlington Realty Co. REALTORS 2204 Wilson Blvd. Glebe 1900 Licenses to Sell Real Estate in D. C. Granted During the past week the Real Estate Commission of the District of Columbia issued licenses as real estate brokers to Natalie Keeney Phillips, 1152 National Press Build ing, and Douglas W. Harrington, 1018 Vermont avenue N.W. Licenses as real estate salesmen were issued to Roy E. Backus, 1129 Vermont avenue N. W.; Cicily M. Gregory, 5815 Baltimore avenue. -- —. =y Capitol Hill 8 Rms., 2 Baths 115 6th St. S.E. Near Hth and East Capitol Sts., an attractive home that has large parlor, middle room, dining room, kitchen and bath on 1st fl ; 4 bedrooms, bath and glassed-in porch on 2nd fl.: oil heat. elec, refgr. Large masonry bldg. 20*25 on rear lot with entrance to street, suitable for plumbing shop, carpen try shoo. etc. Eve. or Sun., Phone Georgia 0084. Mr. Adams. Open Sunday 1 to 6 L. T. Gravatte Exclusive Agent 729 15th R«*Hor NA. 0753 i i JJ^ON^rinRTY'sl^GieBbroo^Rdi^^OTM^W^w^Xane^^thMda *25,000 This spacious brick COLONIAL home is being offered for immediate occupancy. Located on a beautiful corner lot, a half acre in site, it has many worthwhile features. There are 10 rooms, sleeping porch, 3 baths, servants' quarters, store rooms, 2 open porches (one screened), log-burning fireplace, practically new oil-heating furnoce with sum mer and winter hookup. The first floor has living room, large music room, dining room, large kitchen, 2 pantries, new gas range, electric refrigerator. Second floor has 5 bedrooms, sleeping porch, 2 baths. Third floor has servonts' quarters with bath and store rooms. There is a detached garage, tool shed, large fenced-in garden, numerous shrubs, trees ond flowers. - - - CAN BE BOUGHT ON REASONABLE TERMS. OPEN SUNDAY 1-7—Week days by appointment J. NOBLE BOAZ exclusive Broker 7240 Wisconsin Avenue Wisconsin 2648 _§£lllg^gi_Morylond_ Wisconsin 7860 New Two-Family Homes 1 13416 LEGATION ST., W. HYATTSVILLE, MD. Opportunity | These brand-new (just being completed! detached brick two- 3 family homes have two complete aportments, comprising large R living room, hall, be'droom, porch, modern kitchen, tiled bath on Ex each floor. Located in a good residential section on wooded lots g within a few minutes' ride of the District. R Only $10,500, Terms Open Saturday and Sunday 1 to 7:30 P. M. l| Directions: Out Michigan Ave., continuing until 3 blocks this side of R Hyattsville, left on 36th Ave. 1 block to Legation St. and sample house. ™ J. WESLEY BUCHANAN American University Park 4541 Chesapeake St. N.W. Corner 46th St. and Chetapeahe St. This lovely corner brick, built about 5 years, has a very appealing Interior arrangement. Center hall, large living room opening onto screened living porch, dining room, well-equipped kitchen, break fast room, 3 large bedrooms, 2 tiled baths, well insulated on second floor, game room with fireplace in basement. General Electric oil burner, garage. Convenient to Massachusetts Ave. transportation, shopping and theater.. OWNER TRANSFERRED. Price $18,400 Open Sunday 1 to 6 P.M. Out Maasachusetia Air. to ituti St., right to Chesavrake St. and house. F. A. TWEED CO. Exclusively 5504 Conn. Ave. EM. 1290 Riverdalc, Md.; Leonard N. Raffell, Woodward Building; Henry Y. W. Sanderson, 7715 Wisconsin avenue. Bethesda, Md.; Carl H. Reisinger, 1106 Vermont avenue N.W.; Phil D. Poston, 1223 Connecticut avenue N.W., and Morris A. Rosen, 925 New York avenue N.W. Licenses as business chance brok ers were issued to Walter M. Eber man, room 607, 927 Fifteenth street N.W., and Frank M. Doyle, 927 Fifteenth street N.W. A license as a business chance salesman was issued to Roy E. Backus, 1129 Vermont avenue N.W. j SMALL ESTATE 5524 Charles Btthnda, Md. 154-foot fronting on Old George Lown_r?ad by 400 on Charles St. Colonial frame home: conains reception hall, living room (large fl!?P1Ve’'.sun porch, dining room with fireplace, butler's pantry, and kitchen, rear screened porch. Spa cious master bedroom (open fire place), adjoining screened deck porch Also 3 other bedrooms and -L bath*. Finished attic, 3 rooms. Oil heat, double garage with serv ant a quarters. Also single garage. Vacant, immediate possession. For Appointment to inepeet Call Owner, COlumbia 1873 Rent Money Will Pay For Yonr Home i It's o practical plan, to simply figurg tha rant you Kara paid during Hie past fivt years—and you'll see in black and white then, hew much you could have been paying on your home. Ask us about our Home-Financing Flan. No obligations! 511 7th Street N.W. NAtional 8171 I CHARMING BRICK BUNGALOW * "Going to Be Soid"—*8,950 !' OWNER IN fc SERVICE SELLING FOR * LESS THAN HIS COST | Opon Sunday 10 a.m. to 0 p.m. P Directions • Drive out It a t s . * 6, Ave. beyond West sL moretand Circle to ■ Wolhondino Hood X <which is first left ■ turn beyond rail ■ road underpass) t ■ blocks to Home. 6104 WALHONDING RD. Just 2 years old, this Home is by far the best value we have been able to offer in a long while. It includes living room, 2 bedrooms and bath and large all-electric kitchen on 1st floor. There ore 2 small finished, heated rooms and lavatory on 2nd floor. A large paneled recreation room with asphalt tile floor in ground-level bose ment. Attractive rear yard inclosed by picket fence. Now vacant. 927 isth st. FRANK S. PHILLIPS Dl ,4„ . —■ 1 - ■■ ■ ■■ ir Price Substantially Reduced *22,000 1735 Holly Street N.W. Possession with Settlement This attractive center-hall brick Colonial home on edge of Rock Creek Park, large wooded lot with frontage of 80 feet. Spacioug living room opening on formal garden, screened 0grch, library on the first floor; 3 large bedrooms, 2 baths on 2nd floor; maid's room, bath, storage space on 3rd floor; large recreation room, gas heat, double brick garage. Open Sunday, 1 to 8 Geo. W. Linking Co. Exclusive Agent ! I 1 Dupont Circle Deeoturl200 I For the first 5 months of 1944 Shannon & Luchs have sold a total of $2,500,000 worth of real estate properties in the District, Maryland and Virginia. For quick, profitable action on YOUR property contact Shannon & Luchs how. Our staff of real estate experts will be glad to discuss with you and advise you on your property investments. Shannon & luchS) Park and Shop Center, located at 1219-1227 Glebe Road, Arlington, recently sold by Shannon & Luchs to an out-of-town investor | 1505 H Street N.W. NAtional 2345 I | Washington’s leading real estate brokers, | since 1906. i glllllllllllllllllllllllllllllllllllllllilllllllllllllM m THERE PRESENT IN THIS BEAUTIFUL HOME THE RARE AND UNUS- W UAL COMBINATION OF A STRIKING EXTERIOR, TOGETHER WITH A REFINED, CHARMING AND PRACTICAL INTERIOR H 5632 Western Avenue, Chevy Chase, Md. M == This well planned all masonry English type house, constructed of the finest materials and harmo- jglf = niously decorated, will appeal to the most discriminating purchaser. 1ST FLOOR—Wide center hall, §S = unusually attractive drawing room and library, lavatory, dining room, breakfast room, a “Good House- 3= = keeping” kitchen, butler’s pantry. 2ND FLOOR—4 bedrooms and 3 baths. Attractive paneled recre- =g= = *tion room. Rock wool insulation, 2-car built-in garage. A large, beautifully landscaped lot. Within 35 == 1 block of transportation and easy access to public and parochial schools, churches, stores, theatre and =3 = bank. —t ~ IMMEDIATE POSSESSION—MUST BE SOLD % j| OPEN SUNDAY 2 TO 7 P.M. = To inspect: Out Connecticut Ave. to Chew Chase Circle, west on Western Ave. to house =£ g J. RUPERT MOHLER, JR., Realtor =5 Exclusive Agent jj 1223 Conn- Ave- NAtional 4080 J = List Your Property With Us for Immediate Results j§§ illllllllllllllll[|llllllll|[|||||»«llllllllllll[||llllllll ....