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Bubble, Bubble, Toil and Trouble?
We are selling our house. We have lived here for 15 years, the longest I have ever lived anywhere; of the places since I left my parents' home I think my previous best was three years. There is a certain comfort to residential stability. I expect I will be filling out change of address forms from when we move through the end of my useful life. Coincidentally, there were two articles that I have come across since putting up our "For Sale" sign a week ago that address the housing "bubble." Slate.com's Daniel Gross writes about "Bubble Over Troubled Waters: Why the real estate bubble could be good news for the economy." He refers to "what many are already calling the successor bubble to the dot-com fiasco: the U.S. housing market." On the positive side, Northern Trust economist Asha Bangalore notes that "the performance of the housing market has played a visible role in payroll growth." Gross adds that "Spending on housing flows into a remarkably wide range of sectors-and the overwhelming majority of the spending is local." So are these people out of their jobs when the bubble bursts? Gross suggests that it is "possible that housing was the bridge that helped us get over the post-bust job chasm." In a Greg Thomas article entitled "Up, Up, and Away" in today's New Orleans Times-Picayune (TP), the subtitle reads "N.O.-area home prices keep soaring, leaving some to wonder if a market tumble is on the horizon." Greg reports that "Sales prices of single-family homes in the metro area continued their skyward trajectory during the first six months of the year, climbing 11 percent compared with the same period in 2004. Some experts say it could be the highest jump in local home prices in at least 50 years." So I am buying and selling in the bubble. The TP shows that where we are selling, prices are up 34% over last year, while where we are buying they are only up 10%. Could I have timed this transaction just right? By the way, while this is not meant to be an ad, if you are looking for the nicest house in New Orleans East then check us out at http://house.jbv.com. I will keep you posted on our adventures as amateur real estate agents. Let me know what is happening in your area. John B. Vinturella, Ph.D. has almost 40 years experience as a management and strategic consultant, entrepreneur, author, and college professor. For 20 of those years, Dr. Vinturella was owner/president of a distribution company that he founded. He is a principal in business opportunity sites jbv.com and muddledconcept.com, and maintains business and political blogs.
MORE RESOURCES: Refined Real Estate: Unique Leschi home with lake views lists for $1,395,000 seattlerefined.com Real estate mogul cautions about avoidable mistake when buying a home, explains how to avoid 'drowning' Fox Business Coloradans negotiating lower fees for real estate agents with new law on horizon Colorado Public Radio Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties May 19, 2024 edition MassLive.com Real estate transfers: May 17, 2024 RiverheadLOCAL Real Estate Newsletter Articles this Week: Housing Starts Increased to 1.360 million Annual Rate in April Calculated Risk London Real Estate Is About to Get the ‘Selling Sunset’ Treatment Hollywood Reporter Mid-May Greenwich Real Estate Market Report Greenwich Sentinel Should I Buy a House Now or Wait Until 2025: Expert Forecast Norada Real Estate Investments Dodge County Real Estate Transfers Fremont Tribune The Michael Houck Real Estate Guide for May 19 Oil City News Washington state ahead of the game as lawsuit rewrites real estate commission rules The Business Journals MCB Real Estate Revives Long-Awaited Viva White Oak Mixed-Use Project Source of the Spring STAR resource center Department of Taxation and Finance Yes, there are other coastal Delaware towns besides Rehoboth Washington Blade Dutchess County, NY real estate 2024: What's on the market for $579K Poughkeepsie Journal Baltimore real estate: 4 waterfront condos for sale The Baltimore Banner Revolution in real estate: How the NAR settlement is changing the game Eden Prairie Local News Real Estate Briefs: Lakeside homes, news condos, and more news Rough Draft Atlanta Home Prices Hit Record Highs in April 2024: Trends & Forecast Norada Real Estate Investments REAL ESTATE | UPDATE | Johnson Bus selling lot for new West Bend Fire Department No. 1 washingtoncountyinsider.com VIDEO | REAL ESTATE | Construction finally underway for Taco John's in West Bend, WI washingtoncountyinsider.com Innovative Leaders Vanderstraaten and Rohrman Inducted into North Texas Commercial Real Estate Hall of Fame ... dallasinnovates.com Here are recent property transfers up to $1.28 million St. Albans Messenger James Quinn's Data Center Advisory Expertise at JLL Drives Innovative Real Estate Solutions for Global Corporations Markets Insider Oceanport's Denholtz recognized by commercial real estate organization themonmouthjournaleastern.com Westmoreland County Real Estate Transfers | Real Estate | latrobebulletinnews.com latrobebulletinnews.com Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year Yahoo Finance Routt County real estate sales at $17.6M for May 9-15 Steamboat Pilot & Today Billy Joel spends over $10M for sprawling East Hampton pad with horse farm, neighbors other A-listers New York Post OT Real Estate Spotlight of the Week: 2115 Sheridan Place The Owensboro Times Robert Willett may be targeting female Realtors in Northeast Ohio Akron Beacon Journal China Says It Will Start Buying Apartments as Housing Slump Worsens The New York Times Number of homes for sale in Metro Atlanta increased significantly, real estate brokerage says – WABE WABE 90.1 FM What's real estate wellness? Fortune Connecticut real estate law changed after MV Realty investigation Eyewitness News 3 Billionaire Frank McCourt raises his hand to buy TikTok Business Insider My Co-op Neighbor Never Pays His Maintenance on Time. Can We Make Him? The New York Times ACRES 2024 showcases innovative real estate projects focused on enhancing environmental sustainability Malaysia Sun Ellison sues real estate broker Chad Banken over alleged schemes involving contracts for deed Star Tribune Connecticut real estate law changed after MV Realty investigation Eyewitness News 3 Navigating Northern Virginia Real Estate: An Insight Into Rhonda Campbell's Bespoke Approach Grit Daily Local couple buys Pat Burrell's former Center City penthouse for 38% under original asking price The Business Journals Letter: Clarifying changes to real estate industry Morgan Hill Times Sean Bloom Investments Announces $2B Real Estate Project in Las Vegas InvestorsObserver Home listings are on the rise in southern Colorado, while other indicators show a slowing real estate market Colorado Public Radio Real Estate Transactions for May 18-19 | News, Sports, Jobs Nashua Telegraph KKR Real Estate Finance Trust Inc. (NYSE:KREF) Given Average Recommendation of “Moderate Buy” by Analysts Defense World Southern fast-food chain Cook Out buys Tampa real estate The Business Journals Did Fort Worth’s real estate market really ‘bottom out’? | Fort Fort Worth Star-Telegram Edgefront Real Estate Investment Trust (TSE:NXR) Forecasted to Earn FY2024 Earnings of $0.73 Per Share Defense World New Rules for North Texas Real Estate Agents Creates Uncertainty Dallas Observer EG Real Estate: 18 Opens This Weekend – East Greenwich News East Greenwich News Do starter homes still exist? Here's what NJ realtors said NorthJersey.com Busch relative settles squabble with Clayton investors over real estate trust St. Louis Post-Dispatch First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Crosses Above Two Hundred Day Moving ... Defense World LOCAL REAL ESTATE TODAY 5.17.24 – KQEN News Radio kqennewsradio.com Housing Market 2024 Predictions Bankrate.com Shaping the Future of Real Estate Technology RisMedia.com End of war against property speculators marks new phase in China housing South China Morning Post |
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