Interesting comments from Alex Perriello on the real estate market on this morning's inman video.

Alex is the CEO of Realogy, representing 313,000 agents in 83 countries (40% outside the United States).

He observes the 4 and 2 cycle of real estate whereby there are 4 years of expansion followed by 2 years of contraction - and sees that the 10 years of expansion that we are just coming out of had to end.  We are in our second year of contraction.

He has his people focused on winning locally - grabbing market share when competitors are weak.

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