In a Fox Business interview, Shark Tank star Barbara Corcoran predicted an increase in U.S. home prices. Corcoran said the U.S. real estate market is experiencing a bottleneck that won't last forever. Corcoran highlighted homeowners' lack of interest in listing their properties and buyers holding back from buying a house. - She forecasts a shift in the real estate market once the interest rates drop.
- When buyers return to the market, she believes prices could increase by 20%, returning to the buying frenzy seen during pandemic days.
- Corcoran believes regional trends will continue to vary according to demand, similar to what is seen in South Florida, where prices are rising, contradicting the nationwide trend.
|
