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Real Estate Cycles

By
Real Estate Agent with Coldwell Banker Chicora Real Estate

Well we now must realize that this cycle we are in will be here right through the end of the year.  Remember 1992?  How about 2000?  Well I did not realize that this spring and summer economic indicators followed the exact pattern those election years.  America is just doing what we always do in those years where we are just have no real decision on whom will be the next President and other offices throughout the USA.  Once this is done as it was in 1993 & 2001 business was back in full swing again.  But we still must get to that point.  Do not think nothing is selling!  There are plenty of sales taking place throughout the US.  Buyers are just smarter as they are more informed and are taking more time to research their decision to buy that dream home.  Where ever it may be.  Sellers need to review weekly what has sold in their development and if any showings are taking place.  It they are not getting any well wake up!  Something is wrong.  Price is king right now and if you want to sell you must be priced right and be ready & willing when the offer does finally come.  As it was then it is going on today!  But the buyers are smarter and more informed today then they were then.  More choices are available.  Therefore it takes more time for each buyer to find exactly what they want.  Do not be afraid to let the age of information overwhelm you.  But make a informed decision to market in new places where you have not ventured before! 

Comments (20)

Ron Moore
RE/MAX Professionals/Regal Builders - Retired - Florence, SC
MOORE Thoughts

Good post, Michael.  A common sense approach.

Aug 09, 2008 05:17 AM
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Aug 09, 2008 08:48 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Michael,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Aug 09, 2008 08:53 AM
Lori Franks
Real Estate Consultant - Brookings, OR
Brookings, Oregon

Hi Michael and warm welcome to you from a fellow Coldwell Banker agent! I think you will find this community a great place to learn, share information and network. And best of all it's fun!

Aug 09, 2008 12:39 PM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC

I wanted to personally welcome you to active rain!  This is a great community for learning as well as sharing.  Join some groups, check out some blogs, and enjoy!  If I can be of assistance, I'd be happy to help.

Aug 09, 2008 02:12 PM
Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Welcome to Blogging, Hope you enjoy it as much as the rest of us.

Aug 09, 2008 02:55 PM
Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Hi Michael, welcome to the Rain!  You are from a place I would think selling would be easy....but I suppose in this market it is really easy anywhere!

Aug 09, 2008 02:57 PM
Stefan Geyer
SOA Realty - Aurora, CO

Congrats on your first post on Active Rain, welcome!

Aug 09, 2008 03:32 PM
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

Michael,

Way to get the first one under your belt. I wish you the best of luck and look forward to reading your future blogs. This is an awesome place to learn and grow.

 

Aug 09, 2008 04:57 PM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

Aug 09, 2008 06:21 PM
Jennifer Lewis
William E. Lewis, Jr. & Associates - Dania Beach, FL

On behalf of Credit Restoration Consultants and the ever approaching 103,000 members of the ActiveRain network, I welcome you.  Should you every have any questions as they relate to credit repair or credit restoration, please do not hesitate to contact me at (954) 581-5050.

Aug 09, 2008 11:51 PM
Nate Blankenship - Spartanburg, SC Realtor
Keller Williams Realty - Spartanburg, SC

Welcome to Active Rain! This is a great site to network, learn and share ideas with others. Thanks for a great post and I look forward reading more in the future. Have a great day!

Aug 10, 2008 02:06 AM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.  Have fun with it and hope to see more of your blogs soon!

Aug 10, 2008 08:30 AM
Patricia Fisher
Keller Williams Realty - Spartanburg, SC

Welcome to the Active Rain Community!  This is a great site to network, learn, and share ideas with others.  Have a great day!

Aug 10, 2008 11:26 AM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Michael,

Welcome to Active Rain! Congratulations on your first blog, thanks for sharing.  You'll find this is a great site for sharing ideas, networking, and growing your business.  If you ever have a question about VA loans, or FHA loans I'd be happy to help!

Ron Brown

VA Loan& FHA Loan Specialist

First Mortgage Company of Washington

Puyallup, WA

Aug 10, 2008 01:40 PM
Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

Congratulations on becoming a new member of ActiveRain. Being a new member myself less than a week and only posting a couple blogs so far I truly see the awsome advantage that this is; and only the beginning of a healthy and wealthy relationship of abundant professionals.    Best of Luck to all of us,  Nance

Aug 10, 2008 01:41 PM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Michael, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video...Hope this will help you... click here

Aug 11, 2008 02:31 AM
P G
Charlottesville Solutions - Charlottesville, VA

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Aug 11, 2008 03:46 AM
Jeremy Blanton
Myrtle Beach Homes Blog - Myrtle Beach, SC
Myrtle Beach REALTOR®- myrtlebeachhomesblog.com

Hey Mike! Welcome to Activerain!  Glad to see you getting such a great response to your first post!  It is a great article with some good information!  Keep it up!

Aug 11, 2008 05:23 AM
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Aug 11, 2008 05:39 AM