TakingaLong-TermPerspective

One characteristic of the pandemic property rush that mimicked past booms is that ?people really got into buying homes as an investment and wanting immediate appreciation,?says O?Connell ?But property is an asset that appreciates over time,?she adds ?If you look at the historical run of real estate,we have always appreciated in the U S When you take out those little pockets of downturns,it?s still an appreciation over time?

Amarket correction can lead to ?a tremendous amount of fear,?she says,but ?the big lesson is downturns come and downturns go,and on the back end of every downturn is another period of appreciation?