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...
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