The Western economies exhibit an average 18.6 year real estate/credit cycle. Generally, this averages out as 14 years up and 4 years down.
A study of US history, for example, reveals a very clear (average) 18.6 cycle in US real estate prices, measured from trough to trough or peak to peak. The actual cycle has never been shorter than 17 years, never longer than 21. According to Phil’s research, the Australian, UK and other Western countries economies follow the US at the major market moves although in Australia each state ebbs and flows differently in between.
The good news is that once you understand the real estate cycle, you can forecast it. History, we assure you, does repeat. And if you can forecast correctly, you can make money, protect your capital, make informed business and investment decisions and leave a legacy for your family.