Archive for the ‘The Emergency Economic Stabilization Act of 2008’ Category

Economic Rescue

By Intero Real Estate | October 26th, 2008 0 Comments

Blefari offers his thoughts about the bailout bill

Intero Real Estate Services Founder, President and CEO Gino Blefari says the bailout bill President Bush recently signed into law was needed but it will take time for consumer confidence to build up again in the real estate market.

Blefari made his statements to RISMedia, which recently asked several experts in the real estate industry to comment for its series, “The Bailout-Looking Ahead,” about The Emergency Economic Stabilization Act of 2008.

In a Q&A with RISMedia, Blefari says people aren’t purchasing homes now because they are waiting to see what will happen with their jobs and with the economy.

“We have a lot of instability and uncertainty in this country right now,” Blefari said. “We’ll have to wait and see how the country reacts to the bailout once things start to happen and the election is over.”

However, he told RISMedia that now is a great time to invest in real estate because prices are down. He also said there are plenty of great deals from foreclosures.

For the full article, please click here.

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