Self-made real estate millionaire Barbara Corcoran says home prices could go up another 10% if mortgage rates drop [Yahoo! Finance]
Anywhere Real Estate Inc., (HOUS)
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Source: Yahoo! Finance
another percentage point…prices are going to go through the roof,” the self-made real estate millionaire and Shark Tank star told Fox Business yesterday. The average 30-year fixed mortgage rate is 6.91%. It's much lower than the 8% mortgage rates we saw in October last year, but it's a far cry from the historic lows experienced throughout the pandemic. Still, in her view, 6% seems to be the “magic number,” and once mortgage rates dip to that point, sidelined buyers will come rushing into the housing market, Corcoran said. “Everybody is going to charge the market, and so if you wait for interest rates to come down by another point, I don't think you'll gain,” she said. “I think you'll wind up paying more, because I wouldn't be surprised if real estate went up by another 8% or 10% if interest rates come down another point.” On an earlier occasion, Corcoran said prices would “explode” the minute interest rates fall; and on another, she said they could rise 10% to 15%. After leaving
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News
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HOUS
Earnings
- 4/25/24 - Miss
HOUS
Sec Filings
- 3/19/24 - Form ARS
- 3/19/24 - Form DEFA14A
- 3/19/24 - Form DEF
- HOUS's page on the SEC website