Corcoran Group founder, Barbara Korkoran, about the loss of his home in Los Angeles on fire, Gavin News Government meeting with President Donald Trump, home insurance companies that cancel US policies and loans, discuss Does.
According to one of the country's top experts and entrepreneurs, the sunny sky still shines in the American real estate market.
“No one wants to move and there are (fewer homes) to choose at higher rates,” said Barbara Corquvran, the founder of the Korkoran Group. So it is difficult for home owners. ” “Morning with Maria,” Thursday
Corcran is moving as a reaction to 30 -year -old fixed rates by 6.96 % “by part of a point” down. Since Thursday, the fixed loan rate was 15 years 6.21 %.
However, for Korkran, the rates are not low enough for sellers to list their homes. Redfin reported in December More than half of (54.5 %) houses in the market are more than 60 days, many of which are very expensive by prosperous buyers.
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He explained: “Mentally affect this housing market because people are waiting for very good news and a tenth of a point is not really good news. From 7 % to 6.9.” “Psychologically, this makes the difference, but with the rise in interest rates, what really creates a home is fewer homes in the market.”
The founder of the Corcoran Barbara Corcoran Group sharing good news about US housing, in “Morning with Maria” on Thursday. (Pictures of Gitti)
In addition, the real estate expert does not believe that the price of the house will soon decline.
“I don't think it is realistic in the nature of the sellers, honestly. Their home is always worth more,” Kurkoran said.
The founder of the Corcoran Group, Barbara Corquaran, argues that reducing mortgage rates for markets will be “wonderful” for markets when coming to Cavuto: Coast to Coast.
“I don't think Prices disappear at all. I think they hoping to reduce interest rates. And what is this for them? “He continued.” That's six more months. And many sellers have very little interest rates that do not want to give up. “
The current stagnation market has already been taken from the high demand activities during the epidemic, but a significant increase in the rise in home prices and mortgage rates has led to a cheap crisis that home ownership Has left the reach of many Americans.
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Captain the founder and leadership of “Manhattan”, Ryan Serhant breaks down the latest US real estate data and stated that cheap removal would begin by opening the lending doors and liberating federal land to build a home.
Some of the optimistic pockets can be found in the luxury housing market, as Corcran points out that these transactions are twice the national average rate.
“I really like the luxury market. I hate to say, I am very upright in hot weather. All rates … it's almost twice the national average. And this is a very good report card.”
Fox Business' Breck Dumas has been involved in this report.