Real estate market cycles typically follow a pattern of expansion, peak, contraction, and recovery.

Economic conditions, such as job growth, wage increases, and consumer confidence, are the primary drivers of real estate market cycles.

Real estate market cycles typically last for 10-12 years, although the length of each cycle can vary.

The expansion phase of a real estate market cycle is characterized by rising prices, increasing demand, and low interest rates.

The peak of a real estate market cycle is characterized by the highest prices, strongest demand, and lowest interest rates.

The contraction phase of a real estate market cycle is characterized by falling prices, decreasing demand, and rising interest rates.

The trough of a real estate market cycle is characterized by the lowest prices, weakest demand, and highest interest rates.

The recovery phase of a real estate market cycle is characterized by rising prices, increasing demand, and falling interest rates.

The length and severity of real estate market cycles can be affected by a variety of factors, including economic conditions, government policies, and natural disasters.

Investors and homeowners can prepare for real estate market cycles by diversifying their investments, staying informed about market trends, and making long-term investment decisions.