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Pictures say a thousand words! Where is the Real Estate Market now?

By
Education & Training with Modus Mortgage NMLS #116235

These two charts show normal moves in a Real Estate cycle. Some think the Real Estate market goes straight up. Not true. It is cyclical and I believe we are in the Anxiety (chart 1)and the post boom (chart 2)of the cycle and it will take a bit of time to go through the trough. Here are some charts showing emotional cycles and Business cycles.

Chart 1

Real Estate emotional cycle

Chart 2

Real Estate cycle

 

What do you think?

Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos
Well, I will disagree ( amicably ) with where we might be in the cycle.  Looks to me like we are at least in the " Capitulation " phase, or a little further.  Thanks for the post.
Sep 26, 2007 06:06 AM
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

The typical cycle that we go through, is, on average, every ten years.  I have been through it a few times;)

It's a Good Life!

Fran Rokicki, Clubnet~Mentor

Sep 26, 2007 06:22 AM
Joan Snodgrass
Midamerica Referral Network - Kimberling City, MO
Interesting, Jason.  Thanks.  I'm with Bill on where we seem to be now.
Sep 26, 2007 06:23 AM
Jason Schweiger
Modus Mortgage - Auburn, WA
Loan Originator: Modus Mortgage

Bill,   You may be right in your area, but we are always a little behind you, here in Washington State.

Sep 26, 2007 09:14 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Love the chart! The only problem is convincing people where we are on the chart!

Sep 27, 2007 05:10 PM
Sarah Eubanks
Hill Valley Financial Services - Oregon City, OR
Preferred Oregon Loan Consultant & Notary Public
Jason ~  Love the charts.  We just need to be able to show people facts backing up where they cycle on the chart is at.  Very informative post.  Keep up the good work!  :)  Enjoy your day...
Sep 30, 2007 03:32 AM