3/9/2024 0 Comments Sor to trc converterOther real-estate experts were forecasting a milder increase in home prices once mortgage rates ease, with a slight boost of about 1%-2%, the National Association of Realtors chief economist, Lawrence Yun, told Insider previously.īut buyers who remain persistent in the current market could end up finding good opportunities, the Redfin chief economist, Daryl Fairweather, said. The Corcoran Group founder's estimate for price increases when rates drop is on the high end, but others agree that costs might not come down anytime soon. There's going to be no houses around, and prices are going to go up by 10% or even 15%. "The minute they drop and come to anything with a five in front of it, the whole world's going to jump back in the market. But they will come down," the "Shark Tank" investor and real-estate mogul Barbara Corcoran said in a post on Instagram this week. "The days of the 2%-3% interest rates are never going to come back.
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