The new housing cycle: No cycle at all

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

In the old days, from the 19th century through the founding of the Fed in 1912, and modern times until about 2000, U.S. economic cycles were defined by the housing cycle. Big booms and busts they were, and if not quite predictable, certainly a recurrent pattern.