Homeowners Cash in & HOPE Market Cools off...Don't do IT...

, from the Arizona Republic, reports that some homeowners are selling their homes because they believe the market has topped out. The idea: get your money out near the top and wait until the market drops to get back in. The question is what to do with your money while you wait for the market to drop. "There's no place screaming for you to put your money in," said Kurt Nishimura, who recently sold his home in the Willo district and is renting an apartment waiting for the next wave. Terry Feinberg, president of the Arizona Multihousing Association, says the decision to sell depends on where you are now. "Real estate goes in cycles, and there are peaks and valleys, but each valley is higher than the last, and each peak is higher than the last," he said.

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