Jeff Shore spoke to our Milestone Kentucky Realtors®

Jeff Shore, an enlightened and engaging speaker from Auburn, CA, who specializes in creating Urgency in a Non-Urgent Market, was our guest on August 20th at Milestone to speak on our Kentucky Realtors®. One of the many critical points Jeff addressed was the history of real estate which tends to be cyclical. In looking at the real estate market beginning in 1990 through today there appears to be evidence that history is indeed repeating itself, or at least we hope so. Let’s look at the time line:

• 1990-1992  We were in a recession and home prices dropped
• 1992-1994  Flat market, no price changes
• 1995-1999  Healthy market, moderate price increases
• 2000-2005  Boom, prices way up
• 2006-2007  Prices up, rate of escalation slowing down
• 2008-2009  Recession, home prices dropped
• 2010 – Flat market, no price changes

With this said the next phase of our market should be “Healthy market, moderate price increases”.  You can enjoy Jeff Shore’s free newsletter, The Shore Thing, delivered to your email each Saturday morning.  Sign up at Jeff’s website.