Real Estate News | Dave Gallagher
[…] It’s all in preparation for what’s next — a consistent market cycle that Scott has seen repeated since the 1970s.
“This is the start of the next 10-year cycle. Last year was the first year, and that is always the adjustment year. This year the market will solidify and then we’ll grow for seven years after that,” Scott said.
While sales remain in the doldrums due to rising interest rates, Scott said they are still seeing strength in new listings, which can sometimes get multiple offers, particularly for homes in the middle price tier. That’s even true in markets like Seattle, where technology companies have been dealing with layoffs.
Keep reading: This is the start of the next 10-year cycle
