Why Barbara Corcoran Says Now Might Be the Best Time To Buy a House

Once you move through the housing market, real estate mortgage rates and competition between buyers, you may leave a feeling of uncertainty. However, the host “Shark Tank”, the money expert, the comprehensive real estate teacher Barbara Korkuran if you are looking to buy a house, you should do this now.

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Last year, real estate interest rates reached the highest level in 23 years. Instagram real estate pole said this news pushes more buyers to the side lines in an attempt to wait. Here is the reason that buyers should be brave and give the priority of buying a house now.

Korkuran emphasized that what makes now the best time to buy a house is that “everyone is afraid.” Although this seems bad, this may be good news for buyers because it affects everything starting from current homes sales to supply and demand until setting the best time per year on the batch provided.

The most fearful aspect of buyers outside the market is what the market may seem to be if interest rates decrease again. While Korkuran said that 2 % to 3 % have been effectively, she added that interest rates will decrease.

The moment [interest rates] “Go and come to anything with five in front of him, the whole world will return to the market,” said Korkuran.

However, low interest rates provide some problems when buying a house. The first is that there will be no homes available for purchase, and the second is that the prices of homes will rise as soon as they reach the market, as Korkuran expects prices to increase by 10 % or 15 %. As of June 2025, current mortgage rates are generally in a range of 6 % to 7 % for fixed real estate mortgage for 30 years, with an average of about 6.81 %.

If you do not take the word Corcoraan, then you can also determine this in the first months of 2025, as mortgage rates have decreased, which may create more relief and population space in your residential budget. Despite this fact, the housing market is less than prosperity thanks to other economic uncertainty such as customs tariffs and global trade, pending the return of inflation, rumors of stagnation and the performance of the stock market to move forward.

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For brave buyers enough to be in the current real estate market, Korkuran recommends that these three tips be followed.

1. This should not be your home forever. The house you buy now can be traded later, according to Kokran.

2. Your budget will not go further. Instead of looking at the additional cost of a real estate house or mortgage, Korkuran said to find out the amount of mortgage payment and ask yourself if you can bear it.

3. Do not forget to shop for the best possible rate. “People do not do this,” Corran said, adding that you can start reaching the bank you are dealing with to see if they have any special discounts for customers.