BrokerageIndustry News

Experts: No quick housing fix

Credit crunch stalls buyer activity
Published on Sep 26, 2008

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by CareyBot

U.S. economic troubles, including the compounding credit crisis, are taking a toll on the housing market, said real estate industry experts during a conference call Thursday hosted by real estate search company Trulia.

"Bad news is always the worst thing to hit the market, more than fact or reality," said Barbara Corcoran, a real estate veteran and author who founded Manhattan's Corcoran Group and is a contributor to CNBC and NBC's "Today Show." It takes a "brave soul" to be in the market these days, she said.

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