Naming the Market

Over the years the real estate market has changed dramatically. Currently, we are looking at a market which is more challenging than the boom markets of years past. One of the challenges that we face is the desire to name the market.

We name things to give them quality and form and the REALiTY is that we are not in a "bad" market. We are in a market of correction and once the correction cycle is complete, the landscape will change again. During a corrective market, sales prices generally decline and sales slow. Once the market stabilizes prices will remain flat but sales volume will start to increase. After consumer confidence is restored, prices will start to rise again. The natural cycle of the real estate market completes and we begin again.

All of these stages are natural. They are the way the market achieves balance.