Rizzotti JH Real Estate Blog

We were spoiled tha past few years, with a very vibrant and at times, euphoric real estate market. who said teflon! Well every market has a cycle and those who knew this may have preserved equity or saved themselves from a risky project. Yes, cycles go up, down and sideways, and are in constant motion. Its hard to always tell the phase of the cycle, until you look into the past. Correction is the current phase of the cycle, nationally, regionally and locally.

Long term things will level out and become a more stable market. But, markets often over react to the upside and downside. Understanding this and being able to communicate this to your clients is critical.

The higher inventory levels nationally and locally need to be reduced in order to reach a stable market. This will take time. Also, the expectations of the buyers and sellers will take time to find a common ground.

Happy Thanksgiving.

Ken