SHREWSBURY, NJ - Thomas McCormack, Senior Partner and Broker of Resources Real Estate, was recently quoted in Real Estate Market Trends: Nine Ways To Separate Signal From Noise.
In the article, he explains:
“Markets are about money. When appreciating, the market moves from the bottom up. When money is available, the lower, mid and high-end are doing well. In a downturn, if the high-end is lagging, it's an indication that the cycle is in decline. A strong, low and mid-level price market is still possible while high-end is in decline but it's a sign of an overall negative trend.”
Please visit Forbes read the entire article.