CENTURY 21 CEO Tom Kunz was interviewed this week by Orange County Register real estate columnist Jon Lansner.In the interview, Kunz says that he expects California and the West to lead the recovery, saying that West Coast states "led us into this thing and they'll lead us out of it."
Further, Kunz warns that those who stay on the sidelines too long may see their purchase power eroded as interest rates rise in the months ahead.
"The person who tries to time the bottom of the market, if they're not watching interest rates, whatever they might pick up... will be eaten up by the higher cost of capital."
To listen to the interview, click HERE
