Barbara Corcoran, the well-known Shark Tank investor and New York real estate mogul, recently shared her thoughts on where the housing market is headed. While higher mortgage rates have caused homes to sit longer on the market, the truth is every real estate cycle creates new opportunities—for both buyers and sellers.
Here in California, property values have remained steady, which is encouraging for homeowners. My professional view is that values will only get stronger as the market continues to adjust. For buyers concerned about rates, there are smart strategies available right now. With a rate buy-down, you can secure financing in the 4% range—a very competitive number compared to past decades.
For sellers, don’t assume you have to wait. Depending on your property and location, homes are still selling above list price. The key is knowing how to position your home to attract motivated buyers.
After 35 years as a real estate broker, I can say with confidence: there is never a bad time to invest in real estate. The opportunities may shift, but they never disappear. If you’re thinking about buying or selling, let’s connect and discuss your best options in today’s market. Opportunity is knocking—don’t miss it.
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Source: Entrepreneur
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