minneapolis real estate market: TIME; NOT TIMING - 06/20/08 03:59 PM
Question: When is the best time to buy?
Answer: When you are ready.
I was watching a Celtics/Lakers game when a commercial came on for a financial services firm. I was barely paying attention, but then I saw the phrase: "Time; Not Timing". Great advice.
Markets will always cycle up and down and their complexities make the timing difficult to predict. Real estate has real value, and with inflation engineered into the economy, it is destined to keep pace (upward) over the long term.
A critic once told me that stocks provided a better return than real estate, … (5 comments)
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minneapolis real estate market: What Comes Down Must Go Up - 04/24/08 02:44 PM
The first stage of the rebound is well underway in the Twin Cities real estate market. How it plays out remains to be seen but history and current trends give us good clues. Markets are cyclical and excesses, whether up or down, sew seeds bearing the opposite reaction. The harder the fall, the greater the rebound, be it in strength or length.
Anatomy of a Rebound
Stage one of the rebound is reduced seller activity. In 1989, listings processed began a ten year decline. This led to a real estate boom, starting several years later. In 1999, listings began a seven year incline. … (0 comments)
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