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. https://www.lansingstatejournal.com/story/marketplace/real-estate/2020/03/12/5-ways-real-estate-has-changed-over-years/5032880002/
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SHARESHARESHARE
5 WAYS REAL ESTATE HAS CHANGED OVER THE YEARS
Many experts agree that the last 10-12 years has been the most consequential time in American real estate. We’ve gone from an abundance of foreclosures, cautious buyers, and hesitant lenders to soaring prices, low inventory, and fierce competition. As we start off a brand-new decade, let’s look back at some major changes in real estate over the past several years. Everything in real estate happens in cycles,” said REALTOR® Jeff Thornton of the Thornton Realty Team with Coldwell Banker Hubbell BriarWood. “When we hit an economic downturn, the government tightens everything up and mortgage companies become stricter with requirements. When the economy picks back up, things relax, and we see a bit more flexibility. READ MORE