Written by Jon Nelson
THE REAL ESTATE CYCLE - Barring any special circumstances, every home, neighborhood, city, town and state is subject to the inevitable influence of the Real Estate Cycle. Independent of any external pressures, the stages of this ever-changing sequence have been the source of much unnecessary financial and economic strife and leave a permanent mark on homeowners and the municipalities they populate.
If a certain locale is not growing, it may very well be declining. This is a dynamic pattern that can and will impact the indirect and sometimes unforeseeable consequences of consumers unknowingly purchasing ‘too much home’ for their budget. The ripple effects of this are far-reaching and can often accelerate the decline of a given geographic area.
Ultimately, the value of your home, neighborhood or town can be adversely impacted independent of your own care and obedience of known market forces. As a consumer, you cannot control how these external forces operate but you can make informed decisions to proactively navigate their effects.
Why continue to live in an environment of preventable circumstances?
**SEAPORT REAL ESTATE SERVICES (860) 912-7137**