Valley Real Estate Developer Conley Wolfswinkel gave a ‘pep talk’ at an ASU Real Estate conference this week. In spite of the market’s current condition, he remains optomistic of good times ahead. The article at azcentral.com states:

Wolfswinkel said he believes the current slump will provide some excellent bargains in hindsight for people willing to go against the grain.

"You always make much more money in bad times than in good times," he said in urging conference participants to focus on buying high-quality properties.

I have to agree, fortunes are made in markets like this. If you’re capable of expanding your real estate portfolio, now’s the time to do it. Everyone wants to wait until the bottom of the market before they purchase. However, the problem is that you don’t know it’s the bottom of the market until we’ve moved back up off the bottom- and by then, you’ve missed out.