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Realtors: Bubble Talk Not Trendy

Posted on January 9, 2006July 1, 2011 by The Tim

This article doesn’t really relate directly to the Seattle area, but it was in a Seattle area paper, and there’s a tidbit in there that I thought was rather amusing, so I decided to post it here anyway.

Mark Nash, a Coldwell Banker broker and real estate author whose book “1001 Tips for Buying & Selling a Home” is a helpful guide for consumers considering the residential market, has compiled a list of what’s in for housing this year – [and] what is definitely out.

The list is a result of input from Realtors around the country who, in turn, have solicited feedback from home buyers and sellers as they visit homes.

Leading the out column had nothing to do with tasteless interiors or boxy exteriors. Topping the chart was any further discussion about a possible housing bubble. Most analysts concur that no national bubble exists, including David Lereah, the National Association of Realtors’ chief economist, that any bubbles must be regional and point to poor local employment figures as the reason.

There will be flat appreciation in some areas, but sales will remain strong nationally, Lereah said.

How sad for me. I guess this and other bubble blogs are “out.” So says the all-knowing Realtor big wig David Lereah and his “Realtors around the country.” What a shock that Realtors would be tired of hearing about a bubble. What a complete shock.

(Tom Kelly, Everett Herald, 01.08.2006)

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