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[1 Jan 2012 | One Comment | 3,259 views]
Buyers willing, sellers hesitant

A few years ago, a friend of mine told me he was reluctant to buy a home because the housing market was bad.
He was worried about overpaying for a house – one that might decline in value to the point where he couldn’t resell it and come out ahead on the deal. My response to him was clear – had he rather wait until prices and interest rates were on the rise or get something when there was downward pressure on prices and rates were low?
He eventually decided to purchase …