The entire country experienced a housing boom that set off a neighborhood infrastructure metamorphosis. Even with the housing market flipped upside down, the benefits are boundless.

With the industry and the market changing faster than ever, make plans to come together with the best community in real estate at our flagship event. Join us at Inman Connect New York, Jan. 24-26, and punch your ticket to the future. Check out these just announced speakers for this must-attend event. Register here.

Where I live in South Florida, six of the 10 homes in our tiny plaza have been rebuilt, modified or improved. Our utilities are being under-grounded, a park is being restored and new streets are being laid.

We are not unique. The entire country experienced a housing boom that set off a neighborhood infrastructure metamorphosis. 

Measured by the number of cranes, the skyline expresses a collective promise of the future.

Now the housing market has suddenly flipped upside down.

Listings are piling up. A year ago, our little village had 39 homes for sale; 242 are on the market today. 

Slammed by the doubling of mortgage rates, buyers withdrew and agents became skittish, as the great real estate party came to an end.

But the benefits of the boom are going to stay with us for many years to come. New homes were built, roads repaved, utilities upgraded, old houses improved and streets re-landscaped.

Homeownership triggers investment. Unlike buying a car or a boat, owning a home is more akin to getting an education or starting a new business.

It is less about “me” and the short-term joys of personal consumption, and more about “us,” saving for your family’s future and investing in your community.

It is not selfless, but it is not selfish.

That is why policy makers may let some air out of a housing bubble but never go too long before supporting its recovery.

They may not agree on abortion, immigration or tax law, but most understand a healthy housing market goes hand-in-hand with our collective progress.

When times are tough, thinking long term is not easy. But the biggest paydays in life come from actions that look beyond the joys and the pain of the moment.

Email Brad Inman

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription