Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 27, no. 686: May 7, 1881

Text version:

Real Estate Record AND BUILDERS' GUIDE. Vol. XXVII. NEW YORK, SATURDAY, MAY 7, 1881 No. 686 Published .Weekly by The Real Estate Record Association TERMS: ONE TEAR, in advance.....$6.00 Communications should be addressed to C. W. SWEET, 137 Broadway. J. T. LINDSEY, Business Manager. There are certain remarkable features about the real eiitate market which will attract widespread attention as soon as their meaning is fully understood. If our readers will take a copy of to-day's Real Estate Record and compare it with any previous number for the last eight years, they will be struck by the following facts: First. The extraordinary increase in the number of transfers of real estate. Second. The almost entire absence of fore- •closure suits and sales, once so common as to •equal in number the voluntary transactions. Third. The satisfaction of old judgments and the very few new ones entered against ■delinquent debtors. Fourth. The reduction in the number of mechanics' liens, and the increase in the number of satisfied liens. Fifth. The very limited number of assign¬ ments for the benefit of creditors. In other words, it shows that people are out of debt; that they are paying up their old bills and are assuming no new obliga¬ tions they cannot meet. It will also be noticed that the 5 per cent, rate is becoming