The real estate crash is a headline of every major publication in America.  "The end of the world is near.  The bubble is about to burst, " seems to be the predominant story.  Here in Tulsa, the bubble hasn't burst.  In fact there was never really a bubble.  Our market increased by an approximate 5% per year since 2003.  Year to date, we have recorded 537 more homes sold in 2006 than through the same time in 2005.  537 additional sales over last year is a notable number; that is 537 investors making a profit or 537 home sellers enjoying larger homes. 

The total impact of this number of increased sales represents 1074 parties (one buyer and one seller per sale), at least 537 home inspectors if there were only one per sale, 1074 title attorney reviews, 537 appraisals, 537 mortgage loans, 1074 Realtor jobs (if two shared each home sale),  537 county tax payments ($1.50 per thousand of the sales price), 537 closing company processing charges, and 537 repairmen service calls if there were only one repair per house.  This very rudimentary example is a tabulation of 6444 transactions associated with this increase of 537 additional property sales.  I call that good for everyone and that is good for the economy!

Let's have more crashes like this!