As Time Goes By: 2005 vs. 2009

Remember 2005? The real estate boom was fated to go on forever. But fate had other plans.

Four Columns Realty offers readers of Orange MA Real Estate 10 ways to understand what's hot and what's not in today's real estate market:

1. Trophy McMansions are so 2005. Letting the Jones keep up with themselves is 2009.

2. Buying a home to flip is so 2005. Buying a home to live in for years is 2009.

3. Overpaying for a ritzy address is so 2005. Finding bargain tech-friendly communities with improving schools is 2009.

4. Excessive extras are so 2005.  Simple comforts are 2009.

5. "No cash, no credit, no problem" is so 2005. Choosing a home you can afford is 2009.

6. "So what if we're buying high, the market will catch up" is so 2005. Buying smart is 2009.

7. "Let's inflate our asking price and see if there's still a sucker out there" is so 2005. Pricing a listing right on Day One is 2009.

8. Rooms full of wasted space are so 2005. Energy efficiency is 2009.

9. Multiple vacation homes are so 2005. Living where you can be happy staying home for vacation is 2009.

10. Smiling through it all is so 2005. Smiling through it all is 2009, too. Some things never change.

Comments

[Clorinda Altavilla]

With the onset of the recession, the behavior toward home selling changed. People now plan carefully and save can be saved. A lot have also opened to the idea of conserving energy by using renewable energy through technologies such as solar panels and wind turbines.