Conventional wisdom tells us that we do not know if we have hit bottom until we are on the way up. Trying to "time" the bottom is a matter of luck. For buyers of Palos Verdes real estate I encourage them to consider the following:
1) Interest Rates are at historic lows. 4.75% for conforming 30-year fixed and 6.625% for jumbo 30-year fixed rate loans.
2) Many buyers are sitting on the sidelines waiting and watching. Buyers entering the market now have less competition and are able to negotiate better with sellers. Click here to read more.....
Comments(3)