Once the fallout from the mortgage mess settles down, we will be able to think clearly about the current and future reality of the housing market.
It is my belief that the demand for homes is increasing, in spite of the current glut of unsold homes on the market and the bad news we read in our local papers and hear on TV.
There are a few reasons for this belief.
First, baby boomers are impacting the search for second homes in many parts of the country, and in different markets. City center or downtown area homes are of particular interest to boomers, especially when these areas provide avariety of cultural attractions, like museums, concert halls, movies or shopping which boomers can easily access, either by foot or by using public transportation.
Second, single women are a new and growing niche of the marketplace, purchasing homes before they marry or after they divorce. This is a trend that will continue to accelerate.
Third, many members of ethnic groups that heretofore did seek to own their own homes now are looking for and willing to pay for their share of the American dream. And, because they are hard working and hard saving people, they make excellent clients.
Finally, in spite of everything that is wrong with the economy now, mortgage rates continue to stay affordable.
Monday, June 9, 2008
Thursday, June 5, 2008
ClintonNews
This first post is June 5, 2008.
Random thoughts while waiting behind a school bus flashing red: There are seven automobiles behind me and four ahead of me, all of us waiting while some child, who is late, runs down her driveway to catch the bus.
Am I insane to think there ought to be a way to set up a bus route to pick up the children on their way to school without causing adults to wait, without inconveniencing commuters, workers, parents?
What do we teach children when they see they can make adults wait? Why bother to grow up and be responsible and have to wait on a child who dilly dallies over breakfast?
And, if you notice, school crossing guards are just as guilty as bus drivers. They make cars and drivers wait while they allow one child to cross.... The children never seem to have to wait. They arrive at the corner, the crossing guard snaps to attention, stopping all traffic and escorts one child (if there's only one there) across the street.
Random thoughts while waiting behind a school bus flashing red: There are seven automobiles behind me and four ahead of me, all of us waiting while some child, who is late, runs down her driveway to catch the bus.
Am I insane to think there ought to be a way to set up a bus route to pick up the children on their way to school without causing adults to wait, without inconveniencing commuters, workers, parents?
What do we teach children when they see they can make adults wait? Why bother to grow up and be responsible and have to wait on a child who dilly dallies over breakfast?
And, if you notice, school crossing guards are just as guilty as bus drivers. They make cars and drivers wait while they allow one child to cross.... The children never seem to have to wait. They arrive at the corner, the crossing guard snaps to attention, stopping all traffic and escorts one child (if there's only one there) across the street.
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