I
have heard that over and over again so this week
I searched for the data that supports this statement. I found it.
In August 2006, the National Association of Realtors Chief Economist,
David Lereah, Ph.D., made a presentation titled Real Estate Reality Check. This is slide #35 from his presentation.
In Summit County I could not find definitive
data. Bob Girvin, a Realtor® who has
been in the market since the early 70s, told me the first dip lasted four years
(’73 – ’77) and the most recent one lasted seven years (‘81 – ’88).
Call/text/email me with
any questions.
Love life, Daniel Webster Johnson
Your Breckenridge CO Real Estate Blogger
Broker Associate at Resort Brokers Real Estate
(970) 393-3300