06/29/2024
Barbara Corcoran, Shark Tank:
“I think the sooner you get in the market, the sooner you have a chip in the game. You can trade up," Corcoran said in the 2023 "Elvis Duran Show" interview. "It's always a good time [to buy]. You only get one chance to live. You are not buying an investment only, you are buying a home to raise your kids in, to have good times, to cook in your kitchen. You want to get in the market. Prices always long term go up … so why wait?"
When a listener doubted her advice on buying a house right now because of the high interest rates in the U.S., Corcoran said that waiting would do more harm than good in the long run.
"Interest rates will never come down to two to three percent, that's history, still people believe they will," she said. "So let's say they come down to something with a five in front of it, everyone sitting on the sidelines is going to rush the market, bid the pricing up, there's not enough inventory to go around … everyone is going to pay more to the tune of 10, 15 maybe 20 percent. So why wait?"