Which phase of the Market Cycle is your hometown in?

[Greg Moore]

I'm a fan of Kiyosaki's "The Real Book of Real Estate" (c2009 Robert T Kiyosaki / Vanguard Press). In Chapter 5, Craig Coppola introduces his view of the market cycle to help an investor know when to buy, when to sell, when NOT to buy, and when to research.  Even though money can be made in any phase, it takes extra knowledge and skill to buy at the wrong time of the cycle.

My questions for you pertain to investing in SFHs in the USA:  

1. 1. What town are you investing in? 
2. 2. And based on the criteria in the quadrants, what phase of the following market cycle is it in?  

I'm in Tampa. I see new construction everywhere, and vacancy is tight, so I would presume we are in "Phase 2 - Expansion" in Tampa. 

(For those not familiar with the book, he advises Phase 1 is the time to buy, Phase 2 is the time to sell, Phase 3 "Never buy", and Phase 4 is the market bottom so it's the time to research and identify properties for when Phase 1 begins again.)