182 Pearl

Lifestyle Property. Exceptional, Morgan Point, west-facing waterfront home located at the mouth of the Mystic River with a protected deep-water dock and mooring.  Enjoy unobstructed ocean views from almost every window of this 5-bedroom 5.5-bathroom contemporary with open concept living. Well-appointed features include hardwoods, new stainless-steel appliances, oversized 3 car garage, three magnificent fireplaces, dual laundry locations, master bedroom suite with steam shower, radiant bathroom floors and whirlpool tub, balcony, spacious basement with exercise room and potential to expand. Boat, fish, swim and clam off from the 100’ Southwest facing seawall and beach. Morgan point is located at the tip of Noank Village, a quaint seafaring community,…

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Unlike the stock market, where most people understand and accept the risk that prices may fall, most people who buy a house don't ever think that the value of their home will ever decrease.

The housing market, like other assets, is susceptible to unsustainable gains, and bubbles are formed over time even though many people feel it is a sure bet for growth.  That's because of the large transaction costs associated with purchasing a home, not to mention the carrying costs of owning and maintaining a home discourage speculative behavior. However, housing markets do go through periods of irrational exuberance.

This article will help to explain real estate cycles, triggers that cause them, and why consumers should be cognizant of the forces at play…

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