Thomas Bayles was interviewed for an excellent article on ArchitecturalDigest.com, This is How Long You Should Live In Your House Before Selling It, where he discusses real estate cycles and tax saving strategies he uses when buying/selling real estate. A brief excerpt:
"'An economist by the name of Home Hoyt did a study on [real-estate] cycles and found that they tend to run in 18-year rhythms. So chances are you will have a good runway for a chance of appreciation if you hold for seven years,' says Thomas. But the market is hardly the only factor..."
As always, Thomas and Micah are available to answer your personalized loan questions and provide guidance on your next home purchase. Let us know how we can help!