11/10/2022
✨Myth TWO ✨
Always buy when it's booming.
Never buy at the peak of the market or at the start of a downturn, as that way you loose equity almost immediately. There are advisers out there who encourage people to buy in booming markets, but you need to avoid this and to buy in a rising market, before it booms.
How can we determine that an upswing is coming?
1. Auction clearance rates start increasing
2. Days on the market (DOM) decrease
3. FOMO pushes prices up as people start offering more
4. More people are viewing open homes and real-estate listings
Remember, it's not about how long a full property market cycle takes, it’s more about what’s happening in individual markets. What are your thoughts?
Don't forget to comment below 👇
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In the United States alone, just over 29 million people have been diagnosed with some form of diabetes. That’s about 9.3 percent of the population as a whole. Another 8.1 million people likely have diabetes and are undiagnosed.