Real Estate Market Trends
Take a peek at real estate market trends in South Florida!
Whether you are looking to make South Florida your permanent home, or are planning a seasonal residency, you might be interested in our market trend services located right on the Water Pointe Realty Group’s website.
A market trend is a tendency of markets to move in a particular direction over time.
- Phase I: Recovery
- Phase II: Expansion
- Phase III: Hyper Supply
- Phase 4: Recession
Nicolais adds, “Where are we now? It’s important to remember that the Great Recession was not caused by an unexpected event. To those who study the real estate cycle, the crash happened precisely on schedule. It was painful, but it inaugurated the next iteration of the real estate cycle.
As 2014 begins (eight years after the peak and six years after the crash), real estate markets across the country are transitioning from the recovery phase to the expansion phase.”
He concludes, “Those who lived through the financial crisis of 2008 will (we hope) always be weary of the next major crash. If George, Harrison, and Foldvary are right, however, that won’t happen until after the next peak in 2024.”
For the entire article by Nicolais, click here.
We here at Water Pointe Realty Group just love to share helpful and interesting information, and assist potential new residents discover that being a Floridian is a unique lifestyle. We are looking forward to communicating with our past, present, and future clients from Stuart, Hobe Sound, Tequesta, and Jupiter waterfront homeowners. Please make sure to visit our Home Buyers Services page to give you some great information about the first steps to becoming a client with Water Pointe Realty Group.
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Article by: Jeannie M. Ferrara