From Yahoo Finance: 2025-06-14 19:03:00

Barbara Corcoran advises now is the time to buy a home despite uncertainty in the housing market and high mortgage rates. Interest rates hit a 23-year high last year, pushing buyers to wait it out. Corcoran suggests buyers be brave as low interest rates may not last, with rates averaging 6.81% for 30-year fixed-rate mortgages in June 2025.

Corcoran believes the fear in the market could benefit buyers, affecting existing home sales, supply and demand, and pricing. If interest rates drop to around 5%, she predicts a surge in market activity. However, lower rates may lead to limited housing availability and increased prices, with a potential 10% to 15% increase.

Despite some relief from recent mortgage rate drops, economic uncertainties like tariffs, global trade, and rumors of recession are affecting the housing market’s boom. Corcoran advises buyers to consider these factors before making a purchase. For those brave enough to enter the market, Corcoran offers three tips for navigating the current real estate landscape.



Read more at Yahoo Finance: Why Barbara Corcoran Says Now Might Be the Best Time To Buy a House