Thursday, February 14, 2008

NAR President Richard Gaylord

Is now the right time to buy a home in the United States of America?

CNBC asks the President of the National Association or Realtors (NAR), Mr. Richard Gaylord.

And his response?

- "It's the perfect time" to buy a home (cue: groans and rolling eyes in the studio and at home)

- There is "no better way to accumulate wealth" other than buying a home.

- Low interest rates

- High inventory and selection of homes available

- Higher loan-limits now in effect (temporarily)

- Easy to refinance toxic loans into safer loans (is it really?)

Holy Crap! Did we just witness the mainstream media reporters (CNBC) actually second-guessing the proven, never fail, "sunshine-day sales spiel" of a 30 year real estate industry veteran?

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