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Barbara Corcoran, the founder of The Corcoran Group and longtime Shark Tank investor, is urging homebuyers to move now, while others are sitting on the sidelines.
In a recent TikTok video and an appearance on Fox & Friends, Corcoran made it clear: Economic hesitation is exactly why it’s a good time to buy real estate.
“Now is a great time to get a good deal. Why? Because everybody’s hesitating,” she said on TikTok. “They’re worried about everything in the economy, and buyers stall when they feel that way, but right now, I’m here to tell you that that stall’s not going to last very long.”
Her comments come at a time when many buyers are understandably cautious. Thirty-year fixed mortgage rates remain elevated — sitting at 6.88 percent as of April 29 — and concerns linger around the impact of President Donald Trump’s imposed tariffs as well as rising home prices. Still, Corcoran believes this window of hesitation is a gift to those ready to act.
“You’ve got your best selection. You’ve got your best prices,” she added. “Maybe [in] a month or two things are going to get normal again, and everybody’s going to be out in the market. So get yourself out there if you have any cash, if you have any way to buy real estate right now.”
During her Fox & Friends interview with Steve Doocy, Corcoran emphasized the impact of uncertainty on buyer behavior, noting that fear often leads to stalled decisions. A recent Fox News poll underscored that sentiment, revealing that 55 percent of Americans believe Trump’s tariffs could hurt the economy and jobs.
“Last month, we had almost 14 percent of all contracts fall apart,” she explained. “Last time we saw it was right on the heels of COVID. People got scared, but then the market came back by storm. That’s exactly what’s going to happen here.”
While she went on to acknowledge that renting is currently cheaper than buying in the leading 50 U.S. markets, Corcoran made a long-term case for ownership.
“You don’t get appreciation [when renting]. You don’t have anything to leave your kids,” she said.
Speaking from experience, Corcoran also revealed that she’s been pulling money out of the stock market and putting it into real estate deals — many of which are now circling back around to her after being previously out of reach.
