December 2008

There are 1 blog entries for December 2008.

Jim Cramer of CNBC: "It's Time To Buy Real Estate"

Wednesday, December 17th, 2008 at 9:21am. 524 Views, 1 Comments.

I have been telling my agents that this housing market will not turn around until mortgage rates come down (to 3.5% in my opinion). 

After today's announcement that the Federal Reserve is going to lower interest rates again, CNBC's Jim Cramer announced that Its Time to Buy Real Estate.   If you're a regular CNBC watcher, Jim Cramer needs no introduction.  If you're not, you might recall that bald guy who makes stock recommendations while screaming at the top of his lungs on TV.   Regardless, Jim's pronouncement is significant in that it was only a year or so ago that Jim Cramer was on TV (The Today Show?) and utterred his then famous "don't you dare buy real estate" comment.   Click on the link below to see the video clip…

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