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Property cycle question

Posted: Tue Aug 08, 2017 2:35 pm
by realestatestudent
Hello all,
I'm currently a student studying Real Estate. I am still learning the basics and all about real estate business and came across a question which i did not really know how to answer. I was wondering if your would be able to help me! The question is:

In your opinion, which part of the property cycle are we at now (recession, upswing, expansion, decline), in terms of Residential. Why?

It would help me a lot if you guys would give me your opinions about this question with reasoning.

Thank you!!