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Is Housing and Real Estate Bubble Hype Irrational Exuberance?
Not so, says the author of this article and four real estate books including the recent "1001 Tips for Buying and Selling a Home". The upside of the hype is for real estate consumers and investors. The housing bubble topic has produced real estate market information for new or nervous investors about specific markets. Little reporting on the bubble topic exploits the "sell now" syndrome. The downside of the hype is the occasional real estate industry naysayer (never say never?) who has a financial interest to protect. Media stories have included balanced perspectives from real estate analysts, brokers, consumers, educators, and trade associations. Their experiences remind us that real estate remains a market based upon supply and demand. The value for consumers is the wealth of updated information about their market and current real estate practices. These new resources help them make informed investment decisions concerning the management of their real estate holdings. Housing once relegated behind the headlines has become the cover and lead story. It's certainly struck a relevant cord with its appeal to consumers, as sixty-eight percent of us are homeowners. Online monitoring service Hitwise confirmed consumer searches for real estate and housing bubble information reached a twelve-month high at the end of May 2005. Mark Nash is a residential real estate author and broker in Chicago. He has contributed his real estate insight to CBS The Early Show, Bloomberg TV, Dow Jones Marketwatch, and Universal Press Syndicate. Mr. Nash specializes in helping consumers succeed in real estate.
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