The Existential Threat of the Bimodal Economy
- By Joseph L. Taggart
- Posted

We’ve long talked about a bimodal economy, the haves and the have-nots. Presently that wealth and income gap is widening faster than ever, and it is unsustainable.

We’ve long talked about a bimodal economy, the haves and the have-nots. Presently that wealth and income gap is widening faster than ever, and it is unsustainable.

LandVest | Christie’s International Real Estate is pleased to announce the record-breaking sale of 48 Witchwood Lane in Edgartown, which closed at $37.5 million, setting a new benchmark for the highest recorded residential sale in Martha’s Vineyard.
The landmark transaction, alongside the closing of 81 South Water Street at $17.25 [...]

At the end of the second quarter, the high-end inventory of listings, active and pending, was up by 21% to a record318 listings compared to 263 last year and the previous record of 271 listings in 2016.


Last quarter, I introduced the LandVest Economic Index, as a measure of how well our economy was performing. The index is a scaled measure of unemployment, GDP growth, and inflation. I plotted the index against the University of Michigans survey on consumer sentiment and found that at the end of this year's firstquarter,

More Homes For Sale, But Location Matters
An eventful first half of 2025 is in the books, and weve seen U.S. housing inventory continue to climb towards pre-pandemic levels. The current number of houses for sale trails 2017-19 levels by about 11% but its grown, year over year, for 20 consecutive [...]

Perched on the northern edge of Gloucester, Massachusetts, Annisquam feels like a village where time slows down. With its clapboard homes, winding lanes, and views that stretch from quiet coves to the open sea, it offers a glimpse of coastal New England as it was, and, in places like this, still is. Far from the well-trodden tourist paths [...]

We measure our economy in many ways, such as employment, inflation and GDP. We also measure consumer sentiment. In theory, there should be some correlation between the two, and there is. However, the relationship is surprisingly low when it comes to periods of inflection. Recently Ive become curious about how we feel, as consumers in the [...]

LandVest, Inc., New Englands leading luxury residential brokerage and national timberland marketing and management icon, has appointedJurek Lipskito its Board of Directors. The appointment was made by unanimous vote of the LandVest shareholders at their annual meeting on April 17, [...]
Follow Us on Social Media