And although, as stated above, the real estate market can be volatile; the real estate market constantly finds itself at the center of rapid economic and social change, which is transforming the built environment (Kees et al., 2014). With this knowledge, we see that the market goes through cycles that can be analyzed and predicted to help see trends more clearly. Overall, the real estate market, whether we talk about the local, national or global market; will continue to change over time and in relation to surrounding markets and other internal or external factors.