My mother has been a real estate broker for almost 40 years, so I know a thing or two about real estate cycles. What I don’t understand is why is everyone panicking? The real estate market is cyclical – it goes up and it goes down.
The only interesting question is – is this the bottom?
I have some friends that are making an offer on a house tomorrow. I personally think it is a little early, but if they are planning to hold the property for five years or more, they will be fine.
What I really love about the real estate market is the types of tools that are now available on-line. Real estate investment used to be a lot more like guess work, but these sites really help. Take a look at my binder below and let me know if there are any great real estate sites that I am missing: