That's for clients who insist on being in real estate. For now, he's advising them not to be. He believes the market will probably fall further before it turns around. Unemployment is also still high, which doesn't bode well for the rental market. And interest rates are only going to rise, which will put downward pressure on prices for some time.

"As an investor, I don't think this is the most opportune time to buy," he says.

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