Over the past 100 years, the two main economic eras usually discussed as the most negative or turbulent times were The Great Depression (1929 – 1939) and the Credit Crisis (2007 onward). While some economists and financial analysts believe that the Credit Crisis officially ended in 2012 or 2013, others have suggested that the Credit.
Real estate is more of a people business than a property sale business. Without enough people in a specific region in need of homes to purchase or lease, there wouldn’t be a need for real estate agents and brokers. Additionally, licensed agents need to first build a solid and positive rapport with their new prospects.
Residential and commercial real estate price trends are directly affected by many variables such as local, state, and national unemployment rates, inflation trends that are moving “too high” or “just right” instead of the most concerning “too low” directions by way of deflationary price trends when asset values are moving downward instead of the more.