Sorry for the lack of any postings recently, for those of you who check back regularly. I’ve been on vacation and just recently got back into town. Most recently I’ve been busy working on my annual Real Estate Trends article for the Summer/Fall issue of Vallarta Lifestyles, which has taken up quite a bit of time.
This has been an interesting article to write. For the past five years its been relatively easy and quite upbeat. The market continued to grow, appreciation was obvious and everyone, especially developers, were happy. Last year I touched on the fact that a downturn seemed to be on the horizon. This year, well, its obvious to all that it is certainly here.
So how do you write about a down-turning real estate market in an publication that’s surrounded by real estate advertisements?
I think you have to tell it like it is. It is a slower market, it is a buyer’s market and to not say so would erase any form of credibility the publication, or this blog, may have. But I spend a lot of my time studying both this market and the USA market (it has such a large influence on our local market), and I continue to conclude that the fundamentals of this market are good. That this is just a natural normalization of the market, as markets do not always just go up. What goes up, must also come down. The unknown is for how long. I’ll post parts of the article shortly. Any comments would be much appreciated.