We Skipped A Key Phase In The Real Estate Cycle! | How will Real Estate React?
Description
There are typically four phases in a real estate cycle, but we're in the middle of something that is outside the typical cycle. Demand is high, yet Mortgage interest rates are higher than they've been for years.
How will this affect the real estate market? Let me explain by sharing this great article and some data with you. Are you ready?
We've skipped a key phase in the typical real-estate cycle — and next up is a recession. Business Insider Article: https://www.businessinsider.com/next-housing-market-crisis-recession-real-estate-cycle-prices-slow-2022-5
Mike Simonson and Altos Research Graph on home prices going up over the years:
https://twitter.com/mikesimonsen/status/1541497206070382592/photo/1
#2022 #economy #Housing Crash #bubble #Crash #TristanAhumada #RealEstate #Coach
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