NBC Today Show
"For the first time in a long time, you can actually get both a short-and long-term gain
on a real estate investment. With prices down, interest rates at record lows, and so many would-be buyers deciding to rent instead,
it’s a great time to buy a real estate investment." -Barbara Corcoran
Source: NBC TODAYShow.com3/12/09
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CBS Early Show
CBS Early Showmoney maven Ray Martinweighed in on the Saturday Edition about whether buying is indeed the way go to now.
Question:IS THIS A GOOD TIME TO INVEST IN REAL ESTATE?
Answer: Yes, it is, and for a number of reasons. For one thing, housing prices are declining just about nationwide. Plus, mortgage rates are at a serious low. Rates on a 30-year, fixed-rate mortgage are at a level we won't see again in our lifetime. Finally, if you buy before December 1, you'll get an $8,000 tax credit if you're a first-time buyer. For all those reasons, there's really never been a better time to go shopping for real estate.
Source: CBS.com 3/14/09
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Kiplinger's Personal Finance
"It's a good time to snag a bargain if you're confident in your job prospects and you don't plan to sell for at least five years."
Source: Kiplinger's Personal Finance 3/09
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