Barbara Corcoran says “uncertainty” is a gift for property buyers now
Barbara Corcoran, an investor in “Shark Tank” and founder of the Corcoran Group, discusses the impact of President Donald Trump’s tariff agenda, sparking “risqué uncertainty” and sharing her views on the state of the US economy.
She acknowledges that the real estate market remains vulnerable to turbulence, but “shark tank” star and real estate investor Barbara Corcoran claims that “uncertainty” can provide buyers with silver lining.
“People don’t want to buy in times of uncertainty. People are worried. People in the house are worried about their future and are nervous about everything. I want to make a big commitment to anything that is lastly,” Corcoran Group CEO said Thursday. About “Fox & Friends.”
“They hesitate, but again, I’m hesitant to be certain I’m certainly short-lived,” she added. “When things calm down, it won’t last forever.”
More “pain” for real estate? Experts were divided into housing, split into Trump’s tariff impact
Real estate experts have been torn apart about the unstable market impacts of President Donald Trump’s tariff tensions, thus the volatile market impact on U.S. housing.
As of Thursday morning, the Dow, S&P 500 and Nasdaq Composite are running The 3rd straight day of Gain Trump is heavier as if he takes a lighter approach to tariffs with China and potentially automakers.
Barbara Corcoran from Corcoran Group feels that it’s a “good time to buy.” (Fox News)
The US mortgage rate has remained much the same since last week, with national averages of 30 years of fixed-rate mortgages at 6.9% and 15 years of fixed-rate mortgages at 6.11%. Bankrate reported. However, they were just above 7% shortly after the April 2nd executive order of tariffs.
Macroeconomic pressure from tariffs “stimulates uncertainty in the commercial market,” Kolcoran said. “Large businesses aren’t committed to long leases. That creates a great deal of uncertainty in the buyer’s market… buy new homes, buy old homes.”
Corcoran Group founder Barbara Corcoran joins America’s Newsroom to discuss housing costs rising at the slowest pace since 2021 and losing her mobile home in the Los Angeles fire.
“Last month, almost 14% of all contracts fell apart, which is very unusual. Last time, it was right right after Covid. People were scared, but then the market has returned to the storm.
“We’re very hesitant in the market and it gives us the opportunity for buyers to do quite a bit.”
Click here to get your Fox business on the go
HGTV ‘Flipping 101’ Host Tarek El Moussa joins “Fox & Friends” to discuss the slight decline in mortgage rates and explain how this will affect the real estate market.
If investors were moving money from the stock market, Corcoran encouraged a reallocation of that capital For real estate Fast than late.
“Of course, it’s a much more stable environment. I love real estate, but I do it myself. I’ve taken a lot of money from the stock market. I’ve got a lot of money this month,” she pointed out. “The deal that pulled me away four months ago is back to me, so I know it’s a good time to buy.”
Fox business staff contributed to this report.