R.E.Market Durham: Cramer vs. NAR

R.E.Market Durham

Real Estate Market Durham. The saying goes, "All real estate is local". So true. But real estate is a fascinating animal. It is very small and very big at the same time, and is a metaphor for all that we hold dear in American culture and society - community, safety, risk, dreams, and unbridled optimism. Here, you'll see the everyday and the extraordinary. I want to REMarket the local conversation about real estate. I won't have all the answers, but hopefully I'll ask the right questions.

Friday, September 28, 2007

Cramer vs. NAR

Jim Cramer started a mini war with the National Association of Realtors this week, when he appeared on the Today Show to say that buyers who purchase homes in today's market will lose money. The National Association of Realtors promptly demanded a correction, arguing that all real estate is regional and we are in a buyer's market, making it a great time to buy. So is real estate primarily an investment, or is it the place to live, grow, and raise a family, regardless of its financial benefit? Let the games begin..ding ding!

Round 1: Jim Cramer discusses the housing market with Meredith Viera