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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Realtor.com Predicts Balanced Housing Market in 2025For the first time in nine years, Realtor.com projects that the housing market in 2025 will be 'balanced,' with inventory and demand aligning. Expected growth in single-family home inventory by 13.8% and existing for-sale home inventory by 11.7%. President-elect Donald Trump's proposals, such as making more federal land available for homebuilding, could help bolster supply. However, implementation of such policies will depend on cooperation from other branches and levels of government.
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Denver housing market changes: What to expect in 2025Veronica Acosta joined Denver7 in January 2021 as a reporter.
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Florida's Housing Market Could See 'Big Investor Selloff' in 2025An increase in supply has meant falling demand for homes, which means rent prices are tumbling in a bid to attract tenants, says expert.
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