As real estate agents, we are constantly asked… how did the housing market collapse? why is taking so long to sell me house? is this the first time we’ve had a housing crash? when will it rebound? While we love to answer these questions and encourage everyone to ask more by contacting us here, I thought it may be worth having our readers watch this video produced by John Burns Consulting for the builder industry. It’s a long cartoon, but is a great illustration of real estate cycles. Thanks to Bob Schenkenberger for tipping me off to this video in his post about how Explaining the Market is much easier than Timing the Market.
[youtube]Cus4opgTJb0[/youtube]
