Is our favorite NYC real estate doyenne (looking good, Barbara!) losing her bubble-proof resolve? In an interview on MSNBC this morning, Corcoran, who was there to plug "the summer" (prime home-buying time!), took the ribbons out of her pigtails when talk turned to the bubble. To wit,
Is the real estate bubble about to burst?
This is always the fear that gets us. I cried myself to sleep the first time I bought my apartment. I just knew the price would go down. But unlike the stock market, real estate is not an easy in or out and you always have to live somewhere. As I've seen it, the market is slow to unwind, so you have getting out time.Everybody, quick, to the exits!
· Summer Is the Best Time to Buy a House [MSNBC]
· Barbara Corcoran Interview: Bubble? What Bubble [Curbed]