Barbara Corcoran sends strong message on housing market's 'biggest problem'
The Shark Tank alum has bold words on the current real estate market.
Over the past few years, homebuyers have faced a stagnant housing market riddled with high prices and low inventory. Mortgage rates doubled when inflation surged in 2022, and skyrocketing home prices have locked many would-be buyers out of the market.
When the Fed began cutting interest rates in September, most forecasts predicted that mortgage rates would fall below 6% in 2025. However, new developments show it will likely take several more years for rates to stabilize and housing market activity to reset to previous levels.
