Independent Events in Real Estate
If there’s one mantra that you’ll hear from the real estate community, it’s that “Real Estate is local.” We don’t want you looking at what’s going on in California and Arizona and extrapolating that the same behavior is happening in your market. Because most likely, it’s not. Each market reacts differently based on the local economy, housing stock, demographics, and a host of other factors. Unfortunately, I believe there is another equally important phenomenon that