Real estate markets move in cycles, as anyone in the industry knows. One decade they’re up; the next, they’re down. Of course, over the past 20 years we’ve become accustomed to prolonged boom cycles that have defied historical predictions and created one of the biggest real estate bubbles in our history. Plus, currently we’ve been through five straight years of declining prices, rising foreclosures, tighter lending standards, and sky-high foreclosure inventory.
With all that considered, we may be in the beginnings of a new decade of real estate.
We believe the “long term” approach works best with Real Estate and things are trending to an upturn over the next 10 years. Real Estate is a great investment vehicle – especially when you are not looking for that quick buck.
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