Analysts Tell Us, Historically, Housing Downturns Average 27 Months...

Analysts' information I received from one of my very best informed lenders, Greg Johnson, say we are in the 25th month of the housing downturn, and historically they last 27 months. We may be near the end. He says, although there has been a significant decline in sales volume, home prices are showing some appreciation, although small. To all of my fellow realtors, I encourage you to hang in there. Cycles happen in all walks of life. When we break through this frenzy, we'll be in a stronger position because houses will once again be more affordable and we will have learned so much from this experience. I know I counted too much on the next dollar I would earn and not enough on what I had already had. Looking back, my clients made so much money on their investments that my partner and I found for them...those that I could have purchased and I didn't. I just kept thinking...next time. Well, hallelujah, I have learned my lesson. I'm not going to wait. With my next closing, I will start putting those investment dollars to work. I love hindsight...often it's the only time we learn. Anyway...stay optomistic, fellow realtors, it's just a cycle.