June 18, 2015
What Is “The Real Estate Cycle”
Buying a HomeJeff HammerbergIf you’ve been doing your research, then you’ve probably heard dozens of real-estate pundits and salespeople throw out the term “real estate cycle”. Terms like these can fly straight over your head if you’re uninitiated, but this term is actually very simple. Basically, city real estate prices flow in a cycle consisting of four phases. The prosperity phase, the decline phase, the depression phase and the recovery phase. Prosperity Phase The prosperity phase is the time when the neighborhood is at its absolute best. The home prices are at their […]