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Newspaper
Cumberland Press
Location
Cumberland, Maryland, United States of America
Date
Feb 12, 1916
Page
8
The National Real Estate Journal argues causes favor rising values in 1916. It cites strong national finance, full employment, and war driven demand, plus anticipated postwar reconstruction and renewed world trade as catalysts for lasting prosperity in U S real estate.
Cumberland mayor Thomas W. Koon expresses confidence in the city’s future, praising public improvements and a strong real estate market. He cites bond offers at 4 percent, deposits in local banks, rising permit activity, and a 1913 building boom as indicators of durable value and a forthcoming real estate upswing.
Advertises Cumberland Real Estate as a steady investment with high returns. Promises information by phone letter or office visit about real estate across the city.
Cumberland real estate remains sound with rising land values on Baltimore street described as a diamond of stability. Historic price moves show steady appreciation from $6,000 to $14,000 for main front footage, backed by Cumberland’s bowl shaped valley and scarce vacant lots, indicating no expected declines and probable future increases.
City engineer's office notes a good January start for Cumberland building activity amid mid winter. Architects report substantial work in progress and expect a spring surge in construction and contracting demand.
Ex mayor George G Young argues Cumberland can attract families by branding as a City of Homes. He says home ownership pays financially personal reliability and happiness, urging residents to buy homes and pay taxes to boost the city’s growth.
The ad promotes modern built homes with plans and prices in Campobello Rose Hill Shriver Ave Columbia Ave Maryland Ave West St Smallwood St Avbett Avenue. Desirable lots offered with right prices and terms. Small payment balance monthly.
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