It adjusts out the cycles by applying weights to the data to smooth it out.The composite index is made up of the refinance index and the purchase index combined.A lot of economists, mortgage people and homebuilders use these indexes as a leading indicator of market activity to see how it's performing versus expectations.

I realized I needed to break the cycle of earning money just to spend it all while traveling the globe and returning right back where I started.

However, I do not subscribe to the theory that the owner is necessarily the best one to manage an apartment complex.An apartment investment goes through a cycle.

If you get cycled into the vicious cycle of analysis paralysis...who knows when you might start investing! 

They realized their 'legal description' issue and miraculously correct it.

A combination of being soft, liking these particular tenants, and knowing that kicking out the cat and the kids would mean a 6 month vacancy given the academic cycle had me keeping a cat.

Even plywood with hot/cold moist/dry cycles will warp in time.

The local Housing Authority who oversees this program has capped reimbursement at $675 for a 3 bedroom for many years and several years ago requested participating landlords to consider voluntarily lowering the rent during one cycle. 

Historically, real estate goes through cycles with much more modest down legs. 

How have you found this has fared for you in the various economic cycles?