The founder of Corcoran Group, Barbara Corcoran, joined `America’s Newsroom ” to discuss the housing costs that have increased at the slowest rate since 2021 and losing her mobile house in Los Angeles fires.
“Many are bad” with the housing market Currently, but “uncertainty” is the “bigger” problem of all “, said Shark Tank’s investor on Thursday, Barbara Corcoran.
“There is a great uncertainty, and uncertainty is bad for business,” said the Corcoran Matriarche group when it appears “US writing room. “”
“Uncertainty means that people stop, which is a problem. Suppliers of houses in America, with seven million short -term houses, are now the hoard of wood because they are afraid of prices. Many are mistaken, but the biggest tenant who is mistaken is, people are uncertain. They do not know what to expect, and uncertain people do not advance.”
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Baarbara Corcoran said that “uncertainty” creates a problem for the housing market. (Istock / Istock)
A cocktail of problems has created a hostile market for potential buyers – including lack of supply to meet demand, high prices and stagnant wages in addition to uncertainty.
However, the new data show a glimmer of hope in some respects while the costs of the house increase 4.2% compared to a year ago On an unsuccessful basis, the slowest monthly increase since December 2021.
However, the real estate magnate says that many Americans will not see much relief from change.
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The founder of the Corcoran group, Barbara Corcoran, maintains that a massive drop in mortgage rate would be “formidable” for the markets during an appearance on “Cavuto: Coast to Coast”.
“They always go up. Many people are enthusiastic about the slowdown in housing prices, but it is within a quarter of percentage, and that does not bring much relief to people,” she said.
“What is the real problem, it is an interest rate that retains people, of course. But more than two-thirds of Americans have 4%interest rates. Why would you sell your home? Why would you move? You have (a) a rate of 4%. It’s really the coverage,” she added.