The Real Estate Boom ? How Long Will It Last?

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 to live somewhere. If you look to the future, you'll see that there's an ever increasing demand for real estate. Take, for example, the fact that millions of migrants are arriving in the United States each year. This movement translates into a need for real estate. Moreover, it's also much easier to get a home loan these days, which means that people will be buying homes. People also get married much later, which means that they'll probably be buying a home while still single.

Home buying is a concrete need, unlike the stock market, which is less concrete. In the stock market, buying and selling happens at the snap of a finger. In real estate, economic activity is less volatile. The industry is inherently more stable.

The real estate market will rise and fall, but in general real estate prices rise in the long term. So, if you are investing, simply hold onto your purchase for the long term, and you'll see that this is no bursting bubble.

Posted by Derek A Bombach on July 31, 2009 at 10:26 AM

About Derek A Bombach
Derek A Bombach is affliated with RE/MAX Metro Atlanta, Inc., which is located in Decatur, GA. For further assistance please use the contact information located on the right.

As of 02/08/12 the Derek A Bombach RePage is ranked at 2,976 with 255 points.

Local Information for Decatur, GA

Latitude: 33.771355 -- Longitude: -84.297732

ZIP Codes for Decatur, Georgia	30030 30031 30032 30033 30034 30035 30036 30037
Area Code for Decatur, Georgia	404
Time zone for Decatur, Georgia	EST

Other Area Cities: Druid Hills, GA Dunwoody, GA Gresham Park, GA Lilburn, GA Decatur, GA Norcross, GA Stone Mountain, GA North Decatur, GA Redan, GA Tucker, GA East Point, GA Atlanta, GA Scottdale, GA College Park, GA Snellville, GA Lithonia, GA

Enter our Photo Sweepstakes and Win $200 for your Decatur photos!

To see random photos for other cities Click Here.

Submit your photos of Decatur and become eligible to win $200. Click Here for details.

The city's motto, inscribed on the city seal, reads "A city of homes, churches, and schools." The median income for a household in the city was $47,395, and the median income for a family was $65,064. Males had a median income of $46,817 versus $38,381 for females. The per capita income for the city was $29,363. About 7.0% of families and 11.7% of the population were below the poverty line, including 15.7% of those under age 18 and 13.6% of those age 65 or over. To prepare for the 1996 Summer Olympics in Atlanta, the downtown area of Decatur underwent a major renovation, with a particular focus on the courthouse square area. The city served as the headquarters to the Olympic Irish delegation. Another major renovation is taking place currently to make the courthouse square more accessible. Some notable residents include: Amy Lee (Musician, Evanescence), Chris Tucker (Actor and Comedian), Micheal Stipe (Lead singer of R. E. M.), Lil Jon(Rapper) and Quincy Carter (Football player). -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Decatur	Georgia	United States
Population	18,147	8,186,453	281,421,906
Median age	36	33.4	35.3
Median age for Male	35.1	32.1	34
Median age for Female	36.7	34.6	36.5
Households	8,051	3,006,369	105,480,101
Household population	17,158	7,952,631	273,643,273
Average household size	2.13	2.65	2.59
Families	3,854	2,111,647	71,787,347
Average family size	2.96	3.14	3.14
Housing units	8,497	3,281,737	115,904,641
Occupied units	8,051	3,006,369	105,480,101
Vacant units	446	275,368	10,424,540

Visit US Census

Enter our Photo Sweepstakes and Win $200 for your Decatur photos!

The Real Estate Boom ? How Long Will It Last?

Local Information for Decatur, GA

Latitude: 33.771355 -- Longitude: -84.297732

The Leader Spanish Real Estate

ATF Forex Trading

Lingerie & Perfumes

Wedding Singer

QROPS