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Now may be the time to buy a home.
Though housing prices may not have hit rock bottom, says one expert, people who wait to find the market’s bottom are likely to miss out on the current low interest rates.
February 13, 2011Kathy M. Kristof Personal Finance
If you’re into bottom-fishing, now may be the time to start trolling for real estate. At least that’s the advice of Michael Corbett, author of “Before You Buy: The Homebuyer’s Handbook for Today’s Market.”
“I’m pretty comfortable saying that five years from now, people are going to be saying, ‘Damn, if I had just bought in 2011,’ ” said Corbett, who is also host of the “Mansions & Millionaires” segment on the syndicated TV show “Extra.”