How much longer before the downturn ends? Should I buy? READ THIS!

Real Estate Broker/Owner with Prickett Properties Vacation Rentals and Real Estate

These are key questions that Prickett Properties LLC gets from many of its investors. We often ask ourselves this very question.

We spend a great deal of time researching, researching, researching. Through our research, we have found that there is an 18 year cycle in real estate. As Fred Foldvary pointed out, the downturn began in 2006 of the 18 year cycle (see previous post). Unfortunately,  2008 is a "key" year for the inevitable real estate downtown being marked as the year of the real estate depression.

Now that we have accepted where we are in the real estate market, we have to ask ourselves when it will end. We all want to come out on top of this, right? RIGHT!

I found an intersting article where the author also references the 18 year real estate cycle. The article written in August 2008 pointed out that

"...the current cycle is ending. The downturn will not be pleasant, but I expect we are already in the process of healing. Secretary Paulson and Federal Reserve Chairman Bernanke have acted; liquidity is being restored to the financial markets and soon confidence will be restored as well. Slowly, the oversupply is being cleared. There has been an increase in sales every month since January and the pending sales for June showed an increase as well."

He also stated that

"If history is a guide, fortunes will be made. Value is being restored to selective markets, and prime properties are available at discounted prices. Over the next 12 months, investors will be able to exploit the distressed properties and "special situations" that will appear in a universe of potential investment properties. Prime properties at great prices are available at values that will not be available again until the end of the next cycle; perhaps we will be lucky enough to enjoy another 16 years until the cycle repeats."

If history is any indication, now is the time to buy!!! Don't be the guy who waits until we are on top of the 18 year cycle. Be the guy who buys at the bottom of the 18 year cycle.

Prickett Properties LLC provides real estate services for investment properties along the Alabama Gulf Coast. We service Orange Beach, Gulf Shores, Daphne, Fairhope, and Mobile Alabama. There are some excellent distressed deal out there right now. Call us today.

Prickett Properties LLC

Tamala Prickett



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Alabama Baldwin County
prickett properties llc
tamala prickett
real estate cycle
orange beach real estate
gulf shores real estate
fort morgan real estate

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Tamala Prickett

Ask me a question

Additional Information