Thinking cyclically

As the strong buyers’ market in Naples – and across the country – continues, real estate professionals continue to try to anticipate the inevitable upward trend. Maybe it helps if we understand the Naples market as part of a cycle? As suggested in this recent Naples Daily News article:

Housing cycles aren’t all alike, yet over long periods of time, a basic pattern can be discerned, explains Mark Dotzour, chief economist of the Real Estate Center at Texas A&M University.

Based on analysis of several indicators, the article suggests that the “bottom” of the market may be between now and spring 2009. Of course, we’re talking about national trends here – local indicators must also be taken into account when making the decision to buy or sell in Naples, especially in exclusive areas like the Moorings and Park Shore.
Click the above link to read the article for yourself.

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