You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why. "If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

By Erin Davis

Key Takeaways

  • Barbara Corcoran is the founder of The Corcoran Group, which she sold in 2001 for $66 million.
  • The "Shark Tank" star warned potential homebuyers on Thursday that they have about a month left to find a deal.

Barbara Corcoran still thinks now is the "very best time" to buy a house. But you only have one month.

The real estate maven and "Shark Tank" star posted a warning to Instagram on Thursday for people waiting to jump into the real estate market.

Related: Barbara Corcoran Says This Is the One Question to Ask Before Selling Your Home

"I'm here to tell you, you have one month to buy a house," Corcoran said in the video. "One month!"

Corcoran noted when the Fed cut interest rates, everyone expected mortgage rates to follow suit, but that has not happened yet. In fact, they've gone up, which has taken a lot of buyers out of the market.

"Everyone's moved to the sideline," she added, "taking a wait-and-see attitude."

The "uncertainty in the market" is caused by a lack of inventory, persistent inflation, high interest rates, and the upcoming election, so many would-be buyers are pausing their home-buying dreams. However, she said, this is the time when you can "find the best deals" because there will be "someone out there who will take a bid because they are uncertain, too."

Related: 'Not a Big Deal': Barbara Corcoran Says the NAR Ruling Hasn't Had Much of an Impact So Far

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," she added. "There's not enough houses."

She also noted that, like this year, prices will go up another 5%.

Erin Davis

Entrepreneur Staff

Freelance Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Walmart Is Laying Off Hundreds, Relocating Others as the Company Closes a U.S. Office

Walmart is giving some employees at least a month to decide if they want to relocate.

Leadership

Entrepreneurs Drive the Economy — But Are We Doing Enough to Support Them?

Are we doing enough to encourage innovative entrepreneurs to take risks for the benefit of society at large?

Devices

Savvy Professionals Have Started Trading Old-School Wallets for These

This lightweight security wallet attaches directly to your iPhone, and two of them are on sale for only $55.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Thieves Steal $40,000 Worth of Eggs in a Massive Trailer Heist: 'Liquid Gold'

Egg prices are expected to continue to rise in 2025.

Starting a Business

Why Psychological Courage Is the Secret Ingredient for Successful Startups

This article explores the concept of psychological courage in startups, highlighting how employees — not just founders — can develop resilience, face challenges head-on and thrive in uncertain environments by embracing reality, problem-solving effectively and pushing through struggles.