To a veteran of the real estate industry, there can be no surprises. This is why the expert aid and counsel of a longstanding figure like Nick Millican will remain in such high demand. As seasoned as many of the market participants are, they may still be prone to amateur errors. 

The corrective ability that a veteran possesses is still in vogue. At the end of the day, the housing market will be prone to any number of ups and downs. According to Nick Millican, this can be seen in a recent turn of events. 

A number of prince drops have occurred on the market that are a source of concern for many. This is a trend that is starting to worry home buyers even as it has already vexed homeowners. No easy solution seems to be in sight, Nick Millican reports.

Long time members of the industry in London, such as Nick Millican among others, are not surprised. To them, this is simply the culmination of a trend that has really taken its time in coming. It was indicative of a phase in the market that was bound to recur. The history of up and down trends in a volatile industry is one that includes such events.

The bottom line for Nick Millican and his peers is that the latest downturn is cyclical. It should be seen as having its inevitable place in a market that is prone to such periodic adjustments. There is no cause for dire panic on the part of participants at any level.