Understanding Housing Cycles
The housing market may seem erratic and unpredictable, but the fact is, it always conforms to the same pattern of housing cycles that we’ve been seeing for almost 200 years. Even today, every housing cycle is comprised of four phases: recovery, expansion, hyper-supply, and recession. The duration of each phase of the housing cycle is…...
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2021: The Record-Shattering Year in Real Estate.
There’s no doubt about it: 2021 was a wild ride. According to a new report by Redfin, numerous real estate records were broken this past year. Record low mortgage rates combined with millions of people still working from home fueled a surge in demand while inventory remained scarce. As a result, 2021 was an epically…...