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Real estate mogul Corcoran: ‘A great time to buy’

Posted on 29 November 2012

Housing values are poised to outpace expectations, real estate whiz Barbara Corcoran said Wednesday on CNBC. “You have 30 percent reduction in sale price. You have cheap money around,” she said, adding that in nine out of 10 real estate markets, buyers are likely to be outbid on a housing purchase at least once. “You don’t think that until you go shopping for a house.”
In response to a question from “Fast Money” pro Tim Seymour about whether people should borrow as much as they can if they can, Corcoran said she agreed with the premise. Multifamily housing wasn’t Corcoran’s first choice………………………………………..Full Article: Source


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