Shark Tank investor and real estate mogul Barbara Corcoran recently said the housing market will go 'ballistic' if interest rates reach 5 percent levels again.Americans have been facing a difficult housing market for years, with home prices continuing to surge and interest rates just now reaching 6 percent levels, with many having been priced out of the American dream of home ownership.
'The rates have been bouncing around a while now between 6 and 7 percent, so people are confused,' Corcoran said on Cavuto: Coast to Coast. 'They don't have big expectations. They're no longer waiting for a tremendous rate drop. If that happens, God, it would be great for the market, but in the last year alone we've sold 3.5 percent more houses despite what's going on with the interest rates.
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