Perry C Pursell

Gainesville, Florida Commercial and Industrial Real Estate

PERRY PURSELL, REALTOR

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End of the Current Real Estate Cycle????

May 23, 2017 by Perry 3 Comments

July of 2007 I was down in Miami visiting my daughter.  It was her Junior year studying International Business at Florida International University.  Business had been very good that year and years previous.  Good until the bubble burst.  I was paying for a nice apartment for Sara in South Beach and enjoyed visiting when I could.  Though I had heard and seen the signs of trouble looming it was hard to really believe it.  For me the bubble burst that weekend.

I was due to return to Gainesville that Sunday.  However, after checking my emails, messages, and calendar I decided to stay a couple more days.  Nothing was really going on.  Though I had a good year or two after that July slow down, it would be 7 years before things really returned to “normal.”  Those years were marked by many people leaving the Real Estate Industry, Cash Sales, and short Leases.

Here we are in 2017.  Housing market is going wild and inventory is shrinking.  Locally, Industrial space is hard to find.  Commercial prices are rising though only at a moderate pace.  Let’s hope moderation prevails as the author below is again predicting the end of the current Real Estate Cycle.  Just as he  predicted the end in 2007!  Let me know what you think!

http://blog.realnex.com/end-of-the-current-real-estate-cycle

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Filed Under: Commercial Real Estate, Industrial Real Estate, Statistical Blurb

Comments

  1. Beau Beery says

    May 23, 2017 at 7:28 pm

    great blog Perry, smart to pay attention to

    Reply
    • Perry Pursell says

      June 5, 2017 at 11:57 am

      Part of our job is to pay attention to the cycles and trends. Thanks for your comment

      Reply
    • Perry Pursell says

      July 27, 2017 at 6:02 pm

      Thanks Beau!

      Reply

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Coldwell Banker M.M. Parrish
Coldwell Banker M. M. Parrish Realtors

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