The 4 Phases of the Real Estate Cycle
- Hyper Supply
The market cycles through these phases and it can be difficult to know what phase we are currently in. I suggest always invest based on the fundamentals. Buy to generate cash flow. Don’t speculate on appreciation. If you flip houses then buy with plenty of equity. Know what is happening locally in your market.
The national reports can be used as a general trend but each local area is a market all its own. So you need to be tracking the local market where you invest.
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