Ever wonder about the ups and downs of the real estate prices? That’s called the real estate market cycle.
The Expansion Phase: demand goes up, vacancies decrease, supply goes down & prices climb. We’ve been here for awhile.
The Hyper-Supply Phase: Too many properties, not enough demand, vacancies rise. Welcome to the recession phase.
The Recession Phase: Demand is low, prices drop. This is where people need to ACT. This is the opportunity.
The Recovery Phase: prices are low, demand picks up, and we’re good.
REMEMBER: Real Estate is all about TIMING!
Ask questions in the comments.
