By Ray Stockwell, February 2018 Using Real Estate Cycles to Predict the Next Housing Bubble
Why is it that bubbles in the housing market seem to catch so many people off guard? Back in 1876, Henry George, a popular American political economist and journalist, wrote about real estate cycles. According to economist Homer Hoyt, based on a detailed study of the Chicago and US real estate markets, concluded that a regular 18 year cycle can be found in real estate dating back to at least 1800.
So what do the phases of this cycle look like?
Recovery A recession is usually defined as a period of … (4 comments)
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