Wednesday, September 20, 2006

How's real estate doin'?

Barbara Corcoran is founder of The Corcoran Group, which is listed on it's web site as the largest residential real estate firm in New York City.

So perhaps she can give us a sense of how exactly real estate is doin'.

Not so good, apparently.

FoxNews Cavuto on Business, Recap of Saturday, September 16:


Barbara: Home prices falling; you ain't seen nothin' yet!

Coincidentally, I happened to be in one of Corcoran's regions this weekend outside of NYC and I was struck by just how many FOR SALE signs I saw. (This was before I saw her comment, btw.)