In this market, you can find real estate deals, according to CNBC’s Carmen Wong Ulrich and Pat Lashinsky, CEO of Zip Realty. Lashinsky said it’s important to buy for the long-term with no expectation of flipping a property. Buyers should be wary of neighborhoods where there are a significant number of foreclosures. They can figure out the likely number of foreclosures in a neighborhood based on how recently homes in the area sold. Foreclosures are more likely in
areas where homes have sold within the last several years.