When I first started this real estate blog, I wrote about the so called real estate bubble.
That was almost 2 years ago and comments came in about the real estate market crashing down.
2004 was a record year. 2005 was another record. And I doubt this year will be a record, but all indications are that it will be a good year for homeowners.
Oops. Let's define good. As I use the word above I am talking about appreciation.
To you the Realtor, perhaps it might get a but tougher. Only because there is a less robust market coupled with a swollen Licensee pool. In California for example, there is currently 1 licensee for every 75 people!
That means more competition. It doesn't mean that the market sucks.
I mention this, because I was a washout of a real estate recession here in Los Angeles in the early 90's. The economy sucked, and the sales volume sucked. In my market prices dropped 30% in one year!
Today, more people own a home than ever before in the history of the U.S. Rates are still historically low. Unemployment is at historical lows. And the economy is rocking and rolling according to newsweek.
I know sales is often about having a great attitude. And Congratulations have to go out to an industry that has more people than ever in home ownership. And remember it is pretty hard for a real estate recession/depression to happen when an economy is surging forward.
I guess, I feel compelled to write about this, because naysayers have been waiting longer than I have been writing this blog to trash real estate. Just to say I told you so. So I just wanted to keep the focus on the good stuff.
So in my best Vince Lombardi voice, "Go sell A house!"
