Where are we in the Real Estate Cycle?

[Manuel Angeles]

Some investors are saying that we're due for a correction because cycles come every 8-10 years. The last down turn was 2006. What are your opinions ?

How has the state of the market affecting your decisions to either buy or sell ? Locally and/or Nationally ?

What Indicators are you watching to track the status of where we are in the cycle ?

[Michael Seeker]

@Manuel Angeles - here's a great article on RE cycles: http://www.extension.harvard.edu/inside-extension/how-use-real-estate-trends-predict-next-housing-bubble

I haven't experienced the full range of a cycle, but it looks to me like we're in the declining vacancy, new construction phase (i.e. still on an upswing).  We're probably a few years away from a peak.

As far as the state of the market, the only thing it is affecting for me is the deal flow.  5 years ago there were deals everywhere that fit my criteria, today they are few and far between.  I'm being more selective and less likely to bring in outside capital at this time.  I'll continue to buy good deals through the entire cycle.