Liebman says buyers should take advantage of low mortgage rates, prices

March 26, 2009 04:06PM

Corcoran Group CEO Pamela Liebman talked to Bloomberg News recently about housing and rental prices. Liebman
said right now there are the lowest possible mortgage rates and the
lowest possible prices, so it’s a great time for potential buyers to
take advantage of that and get into the market. Liebman
said because there are so many first time homebuyers looking for deals,
the median home price has been declining and the lower end of the
market is seeing more action than the higher end. For rentals, Liebman said that with incentives like months of free rent, prices are down about 15 to 20 percent.

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