One significant mistake people often make when gauging the future is to view the future as a simple extension of today. In other words, they view the economy as static – especially after a period of turmoil – and they forget that economies, populations, and wealth continue to grow.

We broach this topic because of something famed-investor Warren Buffett recently said on CNBC. In short, Mr. Buffett said that he didn't think the housing market needed more stimulus; it needed more households to be created.

That's exactly what has occurred every decade since 1950. What's more, households have actually grown at a faster clip than population. Over the past decade, the U.S. population grew 9.5 percent, while households grew 12.5 percent (for a variety of reasons: growing population, divorce, single living, smaller families). Household growth is expected to continue to outpace population growth into the relevant future.

The point is not to focus on static numbers and to factor on future growth. More housing demand is created each year, which, in turn, helps absorb supply, which has been increasing (at least new homes) at a snail's pace over the past few years.The trend in household growth is just one more reason we look forward to an improved housing market in 2012.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at