We are doing some major repairs to our 7-year old site. (BUT everything is working just right except "search Homes" feature.)
We are on year two (2012 is when we first hit positive territory for Reno home prices.) on a positive direction with Reno home prices. Historically, housing markets go up for about five years. It could be longer than that. It could be shorter.
In times like these, I often think about the good-old saying "people fear when it's time to hope and hope when it's time to fear", and ask myself what should my strategy be and which facts support this regardless of what I feel.
I love this graph as it clearly shows us what happened the last 7 years. It's interesting that the timing is impeccable as well -- peak of the housing market 2005, lowest point at 2009 and subsequent bounce back the following three years.
I have so much to thank the Lord for this year. I'm blessed beyond what I imagined this year would be. I can't personally ask for anything more. Godbless you and I hope you have a Happy Happy New Year.