Real estate experts agree that residential real estate tends to follow cycles. In Dallas, those cycles are about 6 years.
So while we're currently at the bottom of the current real estate cycle, we can agree that the real estate market will rise again in the next few years. Take a look at these national figures for residential real estate prices.
1980-1985: 25% increase
1985-1990: 27% increase
1990-1995: 25% increase
1995-2000: 29% increase
2000-2006: 89% increase
You can see why the current cycle has such a dramatic drop in prices ... because we had such a dramatic increase in prices over the past decade.
Interestingly, in Dallas we saw:
1 comment:
Good research
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