A Positive Beat

It’s been a tough decade for real estate. True enough. But, when you take the time to siphon through the screaming newspaper headlines, dating back four decades, a pattern emerges. Real estate is, and always has been cyclical.

It would be inaccurate to say that our current financial and real estate problems are just another dip in the ebb and flow of America’s economy. No, this one is a bit more pronounced and a bit more sustained than those of recent memory. But, at its root, it still is a cycle, one that has been going on in modern times, at fairly regular intervals, although time, the media, and the frantic pace at which we live can distort our view and blur our memory.

So, here we are, heading into the fall of 2009 and onto 2010. Economists are suggesting that the downward spiral of real estate cycle is beginning to turn – the data suggests the “change in the momentum is significant”. Perhaps a rebound, a positive beat for the heart of real estate. Stay tuned.