Nice to see the NAR and Countrywide both putting out disinformation (aka "FACTS") today. The more these two dens of lies and corruption try to spin the market, the more you know the market is tanking.
Here's HP's list of FACTS to balance against Countrywide's:
FACT: Housing is crashing and will continue to crash for years to come
FACT: If you buy a home today you are a fool, and you will get slaughtered
FACT: Countrywide is facing bankruptcy
FACT: Angelo Mozilo is under SEC investigation for insider stock trading
FACT: You are significantly better off renting today than "buying"
FACT: You shouldn't believe anything Countrywide or the NAR says
Countrywide Wants to Help Dispel Home Buying Myths
It's not hard to have questions about today's real estate market -- especially if you're the one considering purchasing your first home or making a move. With all the recent news reports about mortgage lending options, refinancing and interest rates, there is plenty of information floating around. To help provide some clarity, Countrywide Home Loans offers some tips from its nearly 40 years of experience.
FACT: Now may be a great time to shop.
FACT: Most buyers still have a number of mortgage options available to them.
FACT: You can boost your bargaining power by employing time-tested tactics.
FACT: Owning a home offers advantages v. renting.