Submit Feedback
Member Login
Blogs Homepage
Featured Entries
Recent Entries
Recent Comments
Tags
My Starred Entries
Create A Blog
RSS FeedThe Real Estate Cycle in Plain English |
Dec. 7, 2008
Categorized in: Market Trends
Tagged with: real estate cycle
I mentioned in my latest Market Report that the Triangle has finally fallen into the real estate cycle that has managed to capture the rest of the nation. The consensus in the Triangle Real Estate market is that we will be that last ones in the downturn and the first ones to emerge from the downturn. Another point that should be made is that single family homes less than $300k still have a substantially lower supply on the market than the rest of the country and are continuing to sell. The luxury home market is the market that has been hit hardest with inventory up to 24 months in most Triangle towns.
As I was doing some research I came across a youtube video by John Burns that explains the current housing market and how real estate is cyclical. We’ve been through downturns before and this cycle is truly no different than others. It’s a cute video and describes the “real estate rollercoaster”.
Word of the Day
Ask the Experts
Question of the Day
Member Login
Join RealTown
Request Password
RealTown RSS Feed