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This video is very informative and explains the reasons for real estate market corrections. It also gives an historical perspective of where we’ve been, and the inevitable result of any downturn. A big shout-out and Thank You to Ted Mackel and the Homebuysblog from Simi Valley, for finding this gem!
Explaining the market is much easier than Timing the market. Timing is a much harder thing to predict. We believe the Denver Real Estate market is at, or very near the bottom. Read some of our previous articles, or better yet subscribe to our feed. You will then always be on top of the important statistics that will help you make up your own mind.
We always love to hear what you think! What are your predictions for the Denver Market? If you are thinking of a home purchase, or sale, when do you think it will be the right time to pull the trigger? What factors do you look at when making this decision? Etc…..
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[...] As real estate agents, we are constantly asked… how did the housing market collapse? why is taking so long to sell me house? is this the first time we’ve had a housing crash? when will it rebound? While we love to answer these questions and encourage everyone to ask more by contacting us here, I thought it may be worth having our readers watch this video produced by John Burns Consulting for the builder industry. It’s a long cartoon, but is a great illustration of real estate cycles. Thanks to Bob Schenkenberger for tipping me off to this video in his post about how Explaining the Market is much easier than Timing the Market. [...]
Great video explaining the cyclical nature of housing markets. I will be re-posting this video on my site for my readers.
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Bob,
I am glad you are helping spread this information. Burns Consulting really created an easy to understand video and I hope that many prospective buyers and sellers will view the video so they can be better informed.
Ted Mackels last blog post..Simi Valley Video Blog - Housing Cycles when will the market recover?