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TheRealDeal - Real estate can be a "real deal"

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Uploaded by on Mar 25, 2009

In this market, real estate can be a "real deal," 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 -- where home sales were more recent, foreclosures are more likely. For more information please click on the link provided: http://www.cnbc.com/id/15840232?video=1063140933&play=1

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