Saturday, December 03, 2005

Columnist: ‘The Sky Is Not Falling’

The headline in Bay Area BusinessWoman asks the all-important question ‘Should You Buy Before The Housing Bubble Bursts?’ Although the column doesn't make mention of it, the author appears to be a real estate agent in the Bay Area.

Here's an excerpt:
There will always be a demand for housing and in the past 10 years real estate has grown at a rate of 10 percent per year. This year in Alameda County the rate was 18.8 percent and in Contra Costa County, 21.8 percent. According to the National Association of Realtors, home prices are in no danger of falling. The housing market, nationally and in California, is expected to remain strong. The market may slow down and level off and even Alan Greenspan of the Federal Reserve Board says the market will inevitably simmer down — but the housing bubble will not burst, property prices will not go down 10-20 percent, and the sky is not falling.

. . .

The time to start is now! Talk to a knowledgeable realtor, get a referral for a good mortgage broker, find out what your options are, and start building wealth through real estate.
The NATIONAL ASSOCIATION OF REALTORS® is gonna get mad if Bay Area BusinessWoman doesn't start capitalizing REALTOR®.

Read the entire column at this link.

— The Boy in the Big Housing Bubble