Real Estate Cycles

[Dale Osborn]

Some of the gurus like to talk about the different stages in the real estate cycle. One of them uses the following terms: Formation, Concentration, Momentum & Stabilization.

Formation is at the low end where it starts out at the ground level.

Concentration is where it starts to build up enough to rise above the ground.

Momentum is the high side of the rise to the top.

Stabilization is the peak of the cycle where it is at the top and levels off waiting for the Formation of the next cycle.

Which of the 4 stages do you feel we are in right now and why??