Popular real estate entrepreneurs claim we are still struggling through “difficult” markets
Barbara Corcoran, founder of the Corcoran Group, is a Los Angeles home with President Donald Trump, Gov. GavinNewsom Meeting, Home Insurance Companies discuss cancelling its policy and canceling its mortgage rate in the US.
According to one of America’s top experts and one of the “shark tank” entrepreneurs, the clear skies still haven’t shined across the entire American real estate market.
“No one wants to move, and there are fewer homes to choose from at a higher price, which is why it’s difficult for home buyers,” said Barbara Corcoran, founder of Corcoran Group. “Morning with Maria” Thursday.
Corcoran has fallen by a “small portion” of mortgage rates,” said Corcoran, which reached its lowest level in six weeks, responding to a 30-year fixed interest rate that fell to 6.96%. As of Thursday, the 15-year fixed loan rate was 6.21%.
However, in Corcoran’s view, it is not enough for the seller to list the home. Redfin reported in December More than half of the houses in the market (54.5%) were listed for more than 60 days, and many were considered too expensive for buyers.
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“Mentally, it’s going to affect the housing market because people are waiting for very good news and getting off a 10th point is not really good news. It’s going to affect the housing market. It’s from 7% (percent) to 6.9 It’s become,” she explained. “Psychologically, that makes a difference, but what really causes is the lack of homes in the market as interest rates remain high.”
Barbara Corcoran, founder of Corcoran Group, shared good and bad news about U.S. housing on Thursday’s Mornings With Maria. (Getty Images)
Furthermore, real estate professionals don’t think home prices will fall anytime soon.
“I honestly don’t think the nature of the sellers is realistic. Their homes are always more valuable,” claimed Kolcoran.
Barbara Corcoran, founder of Corcoran Group, claims that while appearing in “Cavuto: Coast to Coast,” a massive decline in mortgage rates will be “risky” for the market.
“I don’t think so The price is totally shaking. I think they want interest rates to drop again. And what is that for them? ” she continued. “It’s another six months. And many sellers have very low interest rates that they don’t want to give up.”
This current stagnant market was preceded by a surge in high-demand activities during the pandemic, but rising home prices and mortgage rates are ongoing and unreachable for many Americans. This led to a price crisis, which has led to a significant delay.
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Cell hunt. Founder and “Manhattan Owner” lead Ryan Selhunt has broken down the latest data on US real estate, and affordable revisions open the door to the loan and federal land for the construction of the home. It says it starts with releasing the
As Corcoran pointed out that these transactions are happening at twice the national average, some pockets of optimism can be found in the luxury housing market.
“I really like the luxury market. I’m very bullish about it, especially in warm climates. All prices are almost twice the national average. That’s a pretty good report card.”
Fox Business’s Breck Dumas contributed to this report.