Landman

Homebuilders Agree: January Was A Good Month

There's a new Tsunami wave of Foreclosures just around the corner. Real Estate is a Boom-Bust cycle, the down cycles usually mirror the up
cycles. We have just come out of the largest Residential Real Estate Bubble in history. Considering the last up cycle lasted for approx. 10 years, we have a long way to go in downward correction. Compounded by massive job losses, massive job outsourcing overseas, bank lending standards tightening, an aging Baby Boomer population that won't need large McMansions - the future looks quite bleak. The Chicaco Real Estate market crashed after the Great Depression in the early 1930's and didn't recover until the mid-1950's.