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Barbara Corcoran says ‘forget about Florida’ and look elsewhere in the U.S. to
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Real Estate


BARBARA CORCORAN SAYS ‘FORGET ABOUT FLORIDA’ AND LOOK ELSEWHERE IN THE U.S. TO
BUY A HOME

Published Mon, Feb 12 20248:00 AM ESTUpdated Mon, Feb 12 202412:33 PM EST
Celia Fernandez@cfernan6
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LinkedInShare Article via Email
Barbara Corcoran attends the premiere of ABC’s ‘Shark Tank’ Season 9
Rodin Eckenroth | Getty Images

While previous generations looked forward to moving and retiring to Florida, the
younger population is setting their sights on other places. Gen Zers and
millennials are relocating to different cities and states across the U.S. and
it’s a decision that real estate mogul Barbara Corcoran supports.

In a 2023 “Elvis Duran Show” interview, Corcoran was asked if she thought
Florida was still a good place to move and buy a house. Corcoran suggested
looking outside of the Sunshine State.



With over 40 years of experience in the business and as a multi-property owner,
the “Shark Tank” star knows a thing or two about buying a home.

“Go anywhere that has a poor school district where prices are really low,” she
said. Though Corcoran did note that strategy is best for people who aren’t
looking for a place to raise a family and want a cheaper property with
potentially high value.

“Go anywhere in the South other than the hot spots. There’s always a cheap house
to buy, always. But not Florida, forget about Florida,” she added.

One Southern state that is growing in popularity is Texas. The state was the No.
1 state Americans moved to in 2023, according to U-Haul.

The Southern state has become a growing base for different industries, including
tech and aerospace. As of 2022, Texas leads the nation as home to the most
Fortune 500 companies.



Like in prior interviews and social media commentary, Corcoran doubled down on
the fact that she thinks it’s always a good time to invest in real estate and
there is no point in waiting.

“I think the sooner you get in the market, the sooner you have a chip in the
game. You can trade up,” she said. “It’s always a good time [to buy]. You only
get one chance to live. You are not buying an investment only, you are buying a
home to raise your kids in, to have good times, to cook in your kitchen. You
want to get in the market. Prices always long term go up … so why wait?”

When a listener doubted her advice on buying a house right now because of the
high interest rates in the U.S., Corcoran said that waiting would do more harm
than good in the long run.

“Interest rates will never come down to two to three percent, that’s history,
still people believe they will,” she said. “So let’s say they come down to
something with a five in front of it, everyone sitting on the sidelines is going
to rush the market, bid the pricing up, there’s not enough inventory to go
around … everyone is going to pay more to the tune of 10, 15 maybe 20 percent.
So why wait?”

Want to land your dream job in 2024? Take CNBC’s new online course How to Ace
Your Job Interview to learn what hiring managers are really looking for, body
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Related Video
VIDEO0:5500:55
Barbara Corcoran: Don’t diversify your investments
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