Head of Corcoran Real Estate: Spring 2009, If Jobs Improve

Head of Manhattan real estate stalwart Corcoran Group, Barbara Corcoran, said today that housing is much worse now than in any previous corrections. She said that it’s possible we could find a bottom by Spring 2009, but only if jobs improve. She also said that the bill in Congress proposing $300 billion to fund FHA refinancings, is “close to a joke” because it will only help 500,000 homeowners, and we need 10 to 20 times that. Video below.