And The Ball Keeps Rolling…
Anyone that has ever asked me to predict the future of real estate has probably heard the “ball rolling up a hill” metaphor. Simply put, real estate markets are cyclical and historically resemble a ball rolling up a hill. Each high point in a market has been higher than the one previous, and (this is the part people need to remember in our current market) each low point in the cycle is higher than the last - and is also higher than even the higher point in the cycle prior to one that has just “crashed”. It’s the nature of the industry.
For those who have a little difficulty picturing this, here is an image that shows the past two cycles from 1985 to now, with a prediction of where the next couple years will bring us.
Real Estate Cycles since 1985
Charissa Pemper, Boston REALTOR®
Charissa Pemper
Lic. MA Real Estate Broker, REALTOR®
Charissa@HomesInBoston.com
