(The Term, Not the Type of Deal)

In a post earlier this year titled, “Halftime at the Housing Recovery,” I posited that one sign that the housing market has fully recovered is that the percentage of lender-mediated sales (foreclosures and short sales) returns to pre-bust levels (5% or less).

Want another sign?

traditionalThe term, “traditional sale” recedes — or disappears altogether.


If you didn’t know, the term cropped up about three years ago, to differentiate “regular” sales from all the ones that . . . weren’t.

One sure sign that the latter category has shrunk to a healthy, pre-bust level is that no one feels the need to label non-distress deals as such.

“Burgers with Ham”

The nomenclature conundrum recalls one of my favorite Mad magazine cartoons, showing a food stand vendor in front of a big sign that reads “Turkey burgers, chicken burgers, veggie burgers, buffalo burgers” ” and on and on.

The caption?

“We have some with ham, too, but we don’t know what to call them.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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