Hello again all.
I have a question regarding the market cycle.
Whats the best way to tell when the market is at its highest peak or lowest valley respectively? If i recall properly, I remember Dean stating that you cant get the exact moment until it passes but with the right homework, you can come close.
Furthermore, i recall him stating something like when the cycle is at its highest or lowest is when supply and demand are stable. Whats the best way to tell that?
I did a market cycle in regards to my local market and i figured it was ready to go in an upswing. I even drove around town and noticed some large infrastructures being built which will mean more jobs (whats the best way to tell what type of company is being put there anyways?).
Then i figured i would take my first LARGE step in this business, and drive around town, noting every house for sale, jotting it down with the number to call. In about an hours time, i jotted down 26 houses (single and two family) which seems like a lot to me.
So with that came my curiousity in when to tell if the market is at its highest peak or lowest.
Thank you for your patience as i am still new to this game and still soaking up as much knowledge like a sponge. I read Dean's book in a week as i found it most interesting, which brings me here