It's difficult to get away from negative real estate reports with so much of it circulating around, but Barbara Corcoran, real estate veteran and founder of Corcoran Group, reminds us that we are not in the worst shape ever. In an interview with CNN's Poppy Harlow, she reminds us that we have been in more dire situations before - and come back. Barbara recalls the market in 1989 where housing prices fell more than 15% in one year. The current housing market is nowhere near as bad, and, "that's an interesting lesson to learn. Things do come back around and real estate always comes back up," says Barbara.The interview also touches on where to buy, staying "within the bottom", and when things are expected to pick back up.
Watch CNN Video
http://money.cnn.com/video/#/video/news/2008/06/20/news.harlow.corcoran.062308.cnnmoney
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