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We are definitely in the recovery stage of this real estate cycle.
Other signs we are in the recovery stage are:
- Declining foreclosures
- Low inventory
- Low mortgage rates
- Increased building
I expect we will stay in this stage for the next few years. When the above signs start turning, we will probably be at or nearing the next peak in the market.
Some pundits are predicting the next peak in the market will happen around 2020.
One thing to keep firmly in mind, real estate is very local so what pundits say about the national real estate market may or may not correlate with what will happen in our local market.
To read the full report: http://chrisheller.rereport.com
The Real Estate Report provides an automatic, easy to use, property analysis feature, a mini-CMA. You can access it in the Property Analysis tab. Input your address and get a list of properties around yours that have recently sold or are currently listed for sale, all on an easy to read map.
When you doubt yourself and your efforts, keep working. Your
creative energy, persistently applied, will soon make the
doubt go away.
When you’re simply not making any progress, keep working.
The breakthrough you seek may be just one more effort away.
When you’ve enjoyed a great success, keep working. Instead
of resting on your achievements, make them even more
meaningful by making good use of them.
When it feels like all your energy is drained, keep working.
Your determined efforts will create their own energy.
When you’re not sure what to do, keep working. The more you
do, the more you learn, and the more clearly you’ll be able
to see the way forward.
Life works best when you keep working at it. Keep working,
and keep making life truly amazing.
The Home Seller
Keller Williams Realty
Cell & Fax: 800.800.2978