Info on past RE market comebacks?

[davekro]

Can anyone point me to information or web sites with historical data on comebacks after previous real estate down turns? There are no crystal balls, but I am looking for some historical perspective.

As background, I am attempting to get a sense of how long it 'may' take for raw land purchased in early '06 (market peak) in a residential subdivision in AZ (north of Prescott). Poor timing with hind sight, but I'm trying to determine possible future return of this particular market. I assume it would trail home sales comeback (no idea by how much, or when home sales would come back up.

Thanks,
Dave

[Greg]

The cycle runs 7-10+- years up and down. Real estate should always be a long term investment.

[REOCITYcom]

All you can do if market corrects is hedge investments by buying on down cycle. For example if a stock is worth $20 and you buy at $20, fair enough, down the road it will be worth $25. Nothing is to stop you from buying a stock worth $20 when it is now at $18 and more stock when it is $16 etc. This will average out any negative ammortization that may occur. As long as you can weather the storm dont worry.