Barbara Corcoran Predicts Housing Price Surge if Mortgage Rates Drop

The real estate mogul anticipates a significant increase in housing prices if mortgage rates fall by another percentage point, urging buyers not to wait.

Barbara Corcoran forecasts a potential 8-10% rise in housing prices if mortgage rates decrease by another percentage point.
Despite a current mortgage rate of around 7%, a drop to the 'magic number' of 6% could trigger a buying frenzy, according to Corcoran.
Corcoran warns that waiting for lower rates might result in buyers paying more due to the anticipated price surge.
The real estate market's upward trajectory is primarily hindered by a significant housing supply shortage.
Corcoran dismisses the notion that reduced selling costs would lead to lower housing prices, emphasizing sellers' desire to maximize returns.