The Real Estate Boom How Long Will It Last?
Media reports suggest that the real estate industry is a bubble that is about to burst. But how true is this?
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There is a lot of fear about the real estate industry. Media reports suggest that the real estate industry is a bubble that is about to burst. But how true is this? Below are two facts that suggest there is no real estate bubble.
Fact No. 1
The real estate economy is local, not global
Unlike the stock market, which is based on the national and world economy, the real estate market is very much a locally-based economy. What does this mean? This means that while the stock market is influenced by economic rise and fall of industry all over the nation, the real estate market is not. Real estate prices in California may not influence prices in New York, and that's that. In real estate, a broad analysis of what is happening around the nation does not always reflect what is happening in your home town.
Fact No. 2
When there's a demand, there's a supply
As long as there's a demand there's a supply. Real estate is about real people who need homes, and people will always be buying homes, because people need
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