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[Gene GeRue <genegerue AT ruralize.com>]

> Doesn't that smack of the DotBomb.com business of a few years ago?

The dot com bust was consumer greed frenzy at its most hideous or 
hilarious, take your pick. The paradigm of home sellers moving up to 
another price level has been going on for the thirty-six years I have been 
in and around the real estate business.

Consumers tend to be a bit behind the knowledge curve in any economic 
sector. I still find myself educating buyers and sellers on the IRS home 
sale profit no-tax gift. That rule plus low interest allows today's sellers 
to not only buy a more expensive home for their family, it allows them to 
buy investment property or take a trip around the world. I do not pretend 
to understand national or international economics but I do understand the 
effect of a dollar moving through many hands, each transaction contributing 
to the health of the economy. I have also come to understand that "consumer 
confidence" has a huge effect on our economy.