'Shark Tank' Star Barbara Corcoran Suggests Market Uncertainty Offers Buying Opportunities
Turmoil in the market offers an ideal opportunity for purchasing a home, as shared by Barbara Corcoran.
Real estate magnate and 'Shark Tank' investor Barbara Corcoran believes the current market uncertainty could be a golden opportunity for buyers, as hesitation from potential buyers means more Room for Negotiations.
In a recent interview on "FOX & Friends," Corcoran asserted that people are reluctant to make significant commitments during uncertain times due to fears about the future. However, she remained optimistic that this hesitation would be short-lived.
Real estate experts have been torn over the impact of President Trump's tariff tensions on the housing market. While some fear further instability, others, like Corcoran, see opportunity.
As of Thursday morning, the major stock indexes were making a comeback, with some hope that the current administration may soften its stance on tariffs. In the meantime, US mortgage rates, while relatively unchanged this week, have fluctuated in response to the tariff uncertainty.
Corcoran acknowledged that macroeconomic pressures caused by tariffs can create uncertainty in the commercial market, but she emphasized that it also creates opportunities for savvy investors. largest companies aren't committing to long leases, and uncertain buyers may hesitate to purchase homes, both old and new.
Last month, nearly 14% of all real estate contracts fell apart, a level last seen during the height of the COVID-19 pandemic. Corcoran predicted that, as with the pandemic, the market would bounce back, giving buyers the edge they need to secure favorable deals.
Corcoran encouraged investors to act swiftly, suggesting that if they were moving money out of the stock market, they should consider investing in real estate sooner rather than later. She pointed out that the real estate market can offer more stability compared to other investments during uncertain economic times. The Corcoran Group founder has personally shifted funds from the stock market into real estate, taking advantage of the current market conditions to secure favorable deals.
In summary, while the real estate market may still be vulnerable to turbulence, Barbara Corcoran sees the current uncertainty as a sign for buyers to get active and make a good deal. By staying engaged and being prepared to act quickly, investors could potentially find themselves in a favorable position as the market settles down.
[1] https://www.foxbusiness.com/markets/mortgage-rates-today[2] https://www.foxbusiness.com/real-estate/coronavirus-affecting-office-space-demand
- Barbara Corcoran, a 'Shark Tank' investor and real estate magnate, suggests that the current market uncertainty could provide buying opportunities for those in the real estate market, due to increased negotiation room as potential buyers hesitate due to economic fears.
- Corcoran remains optimistic that the hesitation of buyers will be short-lived, despite ongoing tariff tensions and their potential impact on the housing market.
- Real estate experts have differing opinions on the effects of President Trump's tariff policies on the housing market, with some predicting further instability and others, like Corcoran, finding opportunities.
- On Thursday morning, major stock indexes showed signs of recovery, leading to speculation that the current administration may ease its stance on tariffs. US mortgage rates, slightly fluctuating in response to tariff uncertainty, have remained relatively unchanged this week.
- Corcoran emphasizes that macroeconomic pressures caused by tariffs create opportunities for investors, highlighting the uncertainty of large companies not committing to long leases and the hesitation of buyers to purchase homes, both new and old.
- In the wake of nearly 14% of real estate contracts being terminated last month, a level last seen during the COVID-19 pandemic, Corcoran predicts that the market will bounce back, disadvantaging sellers and favoring buyers with room to negotiate.
- Corcoran encourages investors to act swiftly, suggesting they consider moving funds from the stock market into real estate, as the real estate market could offer more stability during uncertain economic times, and the current market conditions may provide favorable deals. The Corcoran Group founder has personally made this shift in her own investments.
