Barbara Corcoran reveals what will make real estate 'go ballistic' in 2025 [FOX Business Network]
Anywhere Real Estate Inc., (HOUS)
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Source: FOX Business Network
"The buyers themselves have gotten accustomed to the rates being what they are, and they just got tired of waiting. But I am wondering if we'll ever see a 5% number because anything with the 5% in front of it is going to make this market go ballistic," Barbara Corcoran said on " Cavuto: Coast to Coast " on Thursday. "Rates have been bouncing around a while now, 6 to 7%. So people are confused," she continued. "They don't have big expectations. They're no longer waiting for a tremendous rate drop. If that happens, God, it would be incredible for the market." The 30-year fixed mortgage rate climbed closer to 7% this week, as Freddie Mac's latest Primary Mortgage Market Survey showed that the average benchmark rate rose to 6.84% from last week's reading of 6.78%. Meanwhile, the National Association of Realtors on Thursday reported that existing home sales jumped 3.4% in October from the month before to 3.96 million, lifting off a 14-year low in September. But Corcoran worries ab
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