Barbara Corcoran: Home buyers can't afford to wait

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Waiting for the wild housing market to calm down before buying a place? Don't bother, said Barbara Corcoran, the founder of the Corcoran Group real estate firm and star of 'Shark Tank.' 'I don't think it is wise to wait,' she said.

Don't bother, said Barbara Corcoran, the founder of the Corcoran Group real estate firm and star of"Shark Tank," during a CNN Business Foreseeable Future discussion on the current housing market madness."I don't think it is wise to wait," Corcoran told CNN anchor and chief business correspondent Christine Romans on Thursday."Of course, if you can't find a house, you have to wait.

"Corcoran also advised against trying to wait out the market in a rental while saving up to buy a home at some more affordable time in the future. "There's no safe haven where you can go and feel like you can wait a while," she said."Your landlord is raising the rents, the concessions are all gone on the rental front. All you're going to do is wish that you had bought yesterday.

 

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CH47ÂN THÀNH VÀ NGHIÊM TÚC.( CÓ HÌNH NHA)

Well she would say that, she's a realtor. That's like a banker telling you to take your money and put it all into a .00009 percent interest checking account to be safe

Millions of mortgages are coming out of forbearance plans. Peace cannot make up the payments and unable to qualify to refinance. Florida has over 11% + homes in Foreclosure. Florida has 14 out of 50 highest cities with foreclosures. There are over 1 million homes soon to hit.

Hardly a disinterested party, is she

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