As the World Turns

As the world turns….

I’ve been thinking about the real estate boom in our area that was. For about the last ten years from 1995 to 2005 Home sales have skyrocketed and so have home prices.

While this expansion was gaining a full head of steam I noticed many new retail companies had come and gone. Service Merchandise, a Hallmark card shop, a mattress warehouse and a few other smaller stores in this strip mall all gave way to larger corporations like Home Depot, WalMart and Staples.

As homes were being built as quick as you could say new subdivision. Home prices and interest rates were going in opposite directions.

One thing that I have noticed is that Real Estate seems to make the world go round. When people buy homes they buy a lot of other things as well.

It starts when we sell that nice 3 bedroom 2 bath Colonial on 2 acres of land to the first time buyer. They are all excited and then they have their parents and friends over after they move in and the guests always seem to bring a nice house warming gift.

Maybe a new coffe maker or another appliance. The new owners go out and they buy a new washer and dryer, refrigerator, new curtains for all the rooms, a new kitchen table, then there is need for a new lawnmower or snow plow. Some people need new dishes to match the kitchen decor. They buy paint, wallpaper new flooring to finish off that room for the in-laws.

When people remodel the homes they buy they hire the plumber, the electrician, the landscaper, the carpenter, roofer, carpet install, hardwood floor installer etc..
So, I hope you get the gist of what I am trying to say because I really don’t like a real long blog.

REAL ESTATE makes the world go round.