Who is to blame for our Real Estate slowdown?

Is it the mortgage brokers? The agents? The Fed? The investors? Buyers?

There are many reasons for the housing slowdown, but I think this is a completely normal correction in our housing cycle and there is nothing that could have stopped it. It is just part of our system and we all have a part in the cycle.

Real Estate cycle

I think we are exiting the Boom Market to the downside towards a recession. This is a normal cycle and may have been long over due. We have had an extensive expansion in housing and much longer than normal. I welcome your opinions.

 
Posted by Jason Schweiger on 09/20/2007 11:06 AM   Comments (4)   , , , , , , , ,  

4 Comments on Who is to blame for our Real Estate slowdown?

Life is a series of cycles.  No one is to blame...

09/20/2007 11:36 AM by Marina Del Rey Real Estate - Troy Heffner - Marina Del Rey, Venice Beach (Keller Williams Realty - Marina Del Rey, CA)

Hello Jason,

Yes, I agree with you that "this is a normal cycle..." but I must say we, myself included, tend to focus a lot of energy on who is to blame.  Right now our Congress is debating "who is to blame for the mortgage sub-prime meltdown."  While things are a bit slow, I believe now is the time to build our listing inventories, fine tune our negotiating, marketing, listing and selling skills.  When the market cycle does turn, and historically it has as you pointed out, those of us who have invested time in fine tuning our skills will be better positioned to sell, sell, sell and leave our competitors in the dust as they continue to play the blame game.   

09/20/2007 11:51 AM by Wayne Miller (Beach & Luxury Realty, Inc)

Well said Wayne. Thanks!

09/20/2007 12:01 PM by Jason Schweiger (Real Estate 2000)

Jason,

Nice chart! I've seen it before and it is a good depiction of the RE cycle. It is a matter of time before it reverts direction.

Dave

10/18/2007 02:07 AM by Dave D, Southern California Real Estate ~San Gabriel Valley (LA) & Orange County (Century 21 Excellence)

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Real Estate Agent: Jason Schweiger (Real Estate 2000)
Jason Schweiger
Kent, WA
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Real Estate 2000

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South King County Real Estate agent working hard for my clients in the Puget Sound region including Kent, Auburn, Maple Valley, Covington, and Renton.

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