As I think we all know, it almost never pays to try to time some financial event exactly, be it a stock sale or a real estate transaction. The most we can hope for is to get close enough to either the top or the bottom of the market, depending upon whether you are buying or selling, to feel good about your decision.
Well, when it comes to the real estate market, people have been trying to pinpoint the bottom of this particular cycle for years now. We may not be at the absolute bottom for demand and prices--in fact, I think that we are slightly past that point--but we are close. So is it time to sell?
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