What part of the Real Estate cycle is the current market in

[Account Closed]

Has the market fully recovered from the 08 crash? And When is the next recession expected to hit? 

[Karen Margrave]

@Account Closed It depends on where the property is located. There's so many things that affect value. Location, local economy, politics, etc. Here in California we have some of the greatest locations on the planet, yet the politics of building here are costly, therefore; you have to factor all of that into actual values. Though we may be some of the costliest real estate, we also are one of the highest demand areas for many reasons. 

Another thing to factor in is the changing financial markets throughout the world. Here in southern California we have had a large percentage of homes purchased by foreign investors in the past years. However; that has taken a dramatic drop recently with the market in China, Taiwan, South Korea, etc. 

There's an old saying "all real estate is local" and it's so true!