We are exploring a concept called, “The Garrison Cycle”, in our continuing series.  This theory was created in 1985 by Marc Garrison who started NAREI.

In the Absorption Phase, all factors including prices, inventory, sellers & buyers motivation, economic climate, mortgage products, and even government regulation have changed from the previous two phases

to make investment property attractive again.  The economy has recovered by adding jobs which will increase occupancy levels and driving rent higher. 

At the beginning of this phase, property prices will be at a rock bottom ...