Barbara Corcoran, near legendary New York Real Estate persona (who famously started her real estate business on a $1000 loan,) weighs in on a topic that we’ve covered a lot around here – That now may just be a very, very good time to buy a home.
Video above (via Business Insider,) but here’s the money quote:
“Because we have a regular real estate miracle happening right now,” says Corcoran. “We not only have record low prices, but we also have cheap money.”
Miracle may be a tad hyperbolic, and Barbara has made a bad call or two, but we are in agreement with the general sentiment for sure.
Low rates and low prices do not coincide very often, so for those ready to become a first time buyer, move up, or invest, ignoring this fact may cost you.