I recently read an article about the Texas Real Estate Cycle (probably occurs Nation Wide) and how it compared to the Joseph Cycle. 

The Joseph Cycle is reference to the biblical story where Joseph interpreted Pharaoh's dream to mean seven years of plenty followed by 7 years of famine.

When we study history, we see the Joseph cycle occurs in many things, business cycles, wars, stock market and etc.

The article (from Texas A & M) went on to discuss the Real Estate cycle and while we all know Real Estate is seasonal, peaking in June, according to the national bureau of Economic Research, the average post war economic expansion period is 57 months while the average contraction is 10 months.

This could be good news for Real Estate, depending on when you consider the contraction as starting, maybe we are about to come back to the expansion phase soon.  I believe 2009 will be a great year for Real Estate.

Of course this cycle is affected by outside factors and we have seen plenty in the past few years and months, 911, Mortgage Crisis, Foreclosure rates, Hurricanes, rising fuel prices, and etc.  Now we face election year and that has an effect, lets hope this one is going to be positive, who ever wins.

I don't know about you, but as for me and my Team, we choose to be positive and Optimistic.

Team Stanley - Texas Best

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