Barbara Corcoran Says Rates are Not Low Enough for Owner to List Their Homes.

Popular real estate entrepreneur insists US is still suffering through a 'difficult' market

EXCERPT

Sunny skies aren’t shining across America’s real estate market just yet, according to one of the nation’s top experts and "Shark Tank" entrepreneurs.

"No one wants to move and [there are] fewer houses to choose from at higher rates. So it's difficult for homebuyers," Corcoran Group founder Barbara Corcoran said on "Mornings with Maria," Thursday.

Mortgage rates are moving down "by a fraction of a point," Corcoran pointed out while reacting to 30-year fixed rates falling to 6.96% – the lowest level in six weeks. As of Thursday, the 15-year fixed loan rate was at 6.21%.

However, in Corcoran’s view, rates aren’t low enough for sellers to list their homes. Redfin reported in December that more than half (54.5%) of homes on the market had been listed for more than 60 days, with many deemed too expensive by would-be buyers.

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