Barbara Corcoran discusses how coronavirus may have changed the real estate market forever

Real estate mogul and star of 'Shark Tank,' Barbara Corcoran discusses the coronavirus and how the real estate market has been impacted. She also talks about how real estate could experience a strong come back after the COVID-19 pandemic is over.
#BarbaraCorcoran #coronavirus #realestate

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[sbkpilot]

yeah right... stimulus check of $1200 is going to determine if someone is going to buy a home when they are fearful of losing their jobs. Get real!

Real Estate is going to be collateral damage when the unemployment rate soars.

[robertsontirado]

Born and raised in NYC don’t care if the housing goes to hell. Greed greed.

[UltimateBargains]

I have so much respect for Barbara Corcoran, and now I think she doesn't know what she is talking about.
Housing prices will crash severely, *unless* mortgagees will rescind the "due on sale" clause, so that buyers can take title subject to existing debt.
There were no "due on sale" clauses 60 years ago in the housing market, and the market ran just fine at "double digit" interest rates with fully assumable, non-recourse loans.
Now, the entire banking system is *entirely* dependent on originating new loans and selling it off on the secondary market, instead of allowing the next buyer to take over the existing debt.

[semir]

I like how she is talking about the best case scenario as if that is attainable. Nobody knows what is going to happen, how can she discuss the best possible option. Obviously, because she has a vested interest.

[josephguastella]

30% unemployment... it's over for us folks...

[ocvegasproperty]

She said “must keep unemployment low”, uh, I think the cat is out of the bag on that one and for that reason, I’m out.

[POORANDBROKECITIZEN]

Nobody talks about taxes. Cities and towns are bankrupt with significantly reduced tax revenues for the yr. They will need to compensate by increasing taxes for everyone.

[abesapien]

In Thailand, a nice room on Airbnb costs a monthly rate of $150. We're doing something wrong. The housing industry in the US is focused far too much on profit.

[anthonyramirez]

Have a friend sells for Barbara, just lowered 8 million dollar house a mil, and put it up for rent.

[lawofattractionc]

she talking about houses might go up ....The housing bubble was going to burst anyway she off on this one

[webmetrics]

If states are on lock down, why are builder real estate agents still sitting in models coming in contact with people from different hot spots? Not fair.

[ericv]

I’m actually in the process of buying a home in Louisville. About a month ago. A month ago I had a rate of estimate for 3.25% but now just got it at 4.15%! Got another lender for 3.875 but I hear there is a mortgage service crisis going on. Investors are backing off from buying mortgage backed securities (basically buying off your loan), and I think this is causing the rates to go up. With rates going up, this is probably going to cause prices to go down along with unemployment increasing, unless something changes. Look up margins and real estate

[libertaliagroup]

It’s interesting to see how leaders are dealing with Covid 19 ! Great content!

[ItsMikeArre]

Rich ppl selling there million dollar mansions in the cities and buying rural homes away from Rona

[guitpizz]

Folks, if you have the blues, feel depressed and are thinking about jumping off the garden patio, just listen to some real estate wheelers and dealers. There is a Mexican sun blazing at the end of every train tunnel with massive mariachi band, all you can drink booze fountain. Strap your helmet. Things are just about to soar.

[thebastardgift]

Per the long range vision, after the virus subdues from this experience, renters saved from evictions/homelessness by government intervention I suspect will be highly motivated to buy a home as soon as possible.  Yes, they would still be at the mercy of a mortgage but a mortgage is not as savaged as paying rent.

[ed]

They are telling me to buy discounted houses but if nobody has a job who are you going to rent to???

[heavenNow]

Imagine the people that died from the virus and stayed in their houses..

[maryvale]

George Carlin Shitting on Government for 8 Minutes Straight - YouTube

[AcmeRocket]

new York real estate sales are down. wow, who would think?