This guy has been tempering his remarks the last couple of years, but he cuts loose today with one of the more irresponsible comments heard in quite a while – from the latimes.com:
“The stimulus has worked,” said Rick Hoffman, president of Coldwell Banker Residential Brokerage in San Diego and Temecula Valley. “Buyers are confident that we have seen the bottom of the real estate market and that we are on the way back up.”
He can’t speak for buyers – and he should have more respect for his agents who are trying to properly advise their clients.
Proceed with caution, and buy only if you find the right house, at the right price.