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☆ People are forking out record $2,800 a month on average just to cover their mortgage payments
▼ + stars: | 2024-04-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mortgage holders are shelling out a record $2,800 on average to cover their monthly payments. The median monthly mortgage payment has jumped 11% over the past year to hit $2,775 for the four weeks ended April 14, Redfin data shows. The average 30-year fixed mortgage rate spiked to a five-month high of 7.4% this week, per Mortgage News Daily. That has driven 30-year mortgage rates from about 3% at the start of 2022 to more than 7%, which has caused monthly mortgage payments to spike. The result is that consumers face a double-whammy of painful price increases and steeper monthly interest payments.

Persons: —, Barbara Corcoran, Bill Pulte Organizations: Service, Mortgage

☆ Barbara Corcoran made a $200,000 'Shark Tank' offer on one condition: Power to revamp the CEO's entire business
▼ + stars: | 2024-04-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Angie Cella was a "Shark Tank" investor's perfect candidate, according to the show's judges: a big dreamer and go-getter with a powerful backstory. The only catch, the investors said on Friday's episode of the ABC show: Cella's business needed a major overhaul, and Barbara Corcoran wanted to be the woman for the job. Cella sold her house to cover the costs, she said — moving herself and her four children into a rented townhome, while working virtually with a factory in China to bring Blinger to life. By the time of filming last year, the product was projected to bring in $4.2 million in annual sales, Cella said. She asked the show's investor judges for $200,000, in exchange for 5% of her product, which she sold through a parent company she named GEMC².

Persons: Angie, Barbara Corcoran, Cambria, —, GEMC Organizations: ABC Locations: Avondale , Pennsylvania, China

☆ A surprisingly large percentage of hiring managers don't want to hire Gen Zers — or older workers
▼ + stars: | 2024-04-05 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

About one-third of hiring managers in a survey admitted bias against Gen Zers or older candidates. That's because, according to a survey from Resume Builder, 36% of hiring managers said they were biased against Gen Z candidates. So why are some hiring managers not down with younger or older workers? Among the hiring managers who admitted to bias against Gen Z job seekers, more than three-quarters cited younger workers' lack of experience. Nearly two-thirds were worried older candidates would experience health problems, and almost half of all hiring managers identified worries that older workers didn't have sufficient experience with technology.

Persons: Gen Zers, —, Gen, Ageism, Stacie Haller, Haller, Zers, Barbara Corcoran, Gen Z, Nobody Organizations: Service, Facebook, Employment Opportunity Commission

☆ A third of hiring managers don't want to hire Gen Z or older workers
▼ + stars: | 2024-04-05 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Persons: Gen Zers, —, Gen, Ageism, Stacie Haller, Haller, Zers, Barbara Corcoran, Gen Z, Nobody Organizations: Service, Facebook, Employment Opportunity Commission

☆ Barbara Corcoran: I wish I'd been 'easier on myself' in my 20s—especially about money
▼ + stars: | 2024-04-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

But I wish I had been a little bit easier on myself," Corcoran said. One way to deal with it, executive coach Christina Helena wrote for CNBC Make It last year: Use the people around you for support. "Sometimes people see potential in us that we ourselves are not yet able to recognize," wrote Helena. Twenty-eight years after launching her business, Corcoran sold it for $66 million. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Barbara Corcoran as a panelist.

Persons: Barbara Corcoran, Corcoran, Christina Helena, Helena, Esther Kaplan Organizations: CNBC, The Corcoran Locations: New Jersey

☆ Home prices will 'go through the roof' as soon as rates come down a single percentage point, 'Shark Tank' investor Barbara Corcoran says
▼ + stars: | 2024-03-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Home prices will soar the moment mortgage rates drop to 6%, Barbara Cocoran predicted. The "Shark Tank" investor is anticipating a wave of buyers coming to market once rates fall one percentage point. Buyers waiting for rates to come down may wind up paying more in the end, she warned. Real estate economists say that mortgage rates aren't primed for a significant drop anytime soon. Mortgage rates are influenced by real interest rates in the economy, and the Fed has hinted it could keep rates higher for longer as it continues to monitor inflation.

Persons: Barbara Cocoran, —, Barbara Corcoran, Cocoran, Freddie Mac, Corcoran, meanwhile Organizations: Service, Fox Business Network, Corcoran Group

☆ Couple spent $400 to start a bakery—now it's a 'Shark Tank' success story worth $1.6 million
▼ + stars: | 2024-03-19 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

If you ask Saphira and Maurizio Rasti, the way to a "Shark Tank" star's heart is through their stomach. The Costa Mesa, California-based husband-and-wife duo brought investors treats from their business, Nowhere Bakery, on Friday's episode of the ABC television show. It might not have happened if the cookies and brownies didn't taste so good, much to the investors' surprise. "They're free from dairy, eggs, gluten, soy, refined sugar, sugar alcohols and are paleo-friendly," Saphira said on the show, noting that the idea originated as a solution for her own dietary restrictions. It brought in $770,000 in 2022 revenue — including a $32,000 profit — and was projected to finish 2023 with $1 million, Saphira said.

Persons: Saphira, Maurizio Rasti, Barbara Corcoran, Kevin O'Leary, We've Organizations: Nowhere, ABC Locations: Costa Mesa , California

☆ Barbara Corcoran shares the No. 1 trait her best employees have: 'They drove me crazy, but I admired my superstars so much'
▼ + stars: | 2024-03-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

The key to a "good life" is the ability to learn from your mistakes, according to Barbara Corcoran. "Recovering from failure, in my book, is 95% of life," Corcoran said. "If you're going to have a good life, you'd better be really good at getting back up, like a jack-in-the-box, boom, boom, boom. "They drove me crazy too, but I admired my superstars so much because of that ability ... You could punch them around. "Unfortunately, the only way to really learn is ... by tripping up and making many, many mistakes," said Corcoran.

Persons: Barbara Corcoran, It's, Corcoran, Tim Ferriss, you'd, Ferriss, They'd, Laurie Santos, —, she's, Mark Cuban Organizations: Corcoran Group, CNBC, Dallas Mavericks Locations: Yale, —

☆ 'Shark Tank' star Barbara Corcoran once made $1.2 million offloading 88 'dumpy' apartments in under 3 hours by treating them like puppies for sale
▼ + stars: | 2024-03-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Barbara Corcoran once made over $1.2 million by selling 88 apartments in less than three hours. The "Shark Tank" star modeled her strategy on a puppy sale she watched as a child. AdvertisementBarbara Corcoran once sold 88 lousy apartments within three hours, making her $1.2 million, by cribbing from a puppy sale she witnessed as a child. Advertisement"All these fancy city people have come to buy the puppies," Corcoran recalled her mother saying. "I had almost 180 people waiting for me, the morning of the puppy sale, the morning of the one-price sale," she recalled.

Persons: Barbara Corcoran, —, Jack Russell, Tim Ferriss, Corcoran, must've, Corcoran — Organizations: Service, cribbing, Corcoran Group Locations: New York, New Jersey, New York City, —

☆ Prepare for house price growth to slow, says First American chief economist
▼ + stars: | 2024-02-22 | by ( Chris Johnston | ) www.businessinsider.com time to read: +3 min

First American's chief economist told Fortune that lower mortgage rates will cool price growth. First American chief economist Mark Fleming told Fortune that the pace of price growth has likely topped out because mortgage rates are poised to decline this year. The hikes fueled an increase in 30-year mortgage rates to more than 8% in October — a two-decade high. AdvertisementLower mortgage rates promise to boost demand, as buyers will be able to afford more expensive homes once again. "Shark Tank" investor Barbara Corcoran disagreed, predicting they would pop by 15% or 20% once mortgage rates dropped to about 5%.

Persons: Fortune, —, Mark Fleming, Sellers who'd, they'd, Fleming, Elon Musk, Barbara Corcoran Organizations: Service, First, Business

☆ CEO quit his 6-figure job at Microsoft—and landed a $300,000 'Shark Tank' offer for his new startup
▼ + stars: | 2024-02-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

A self-proclaimed "serial plant killer" went on ABC's "Shark Tank" — and came away with a $300,000 offer for his houseplant health company Flora. Flora was founded in 2022 by Aabesh De, a former Microsoft employee who quit his "cushy" six-figure job to build a soil meter and accompanying app that alerts people about the health of their houseplants. "My dear mother gave me her prized rose bush plant that she had for years," De, 29, said on the show. "I would never go for a subscription model after buying [the soil meter]," she said. "I think you're smart as hell, and I like to invest in people who are smart as hell," Greiner said.

Persons: Aabesh De, De, we've, weren't, Robert Herjavec, Mark Cuban, Kevin O'Leary, O'Leary, Barbara Corcoran, Lori Greiner, Greiner, You've Organizations: Microsoft, CNBC Locations: Flora

☆ A shopping trip taught Barbara Corcoran a valuable career lesson: '7 simple words made me a much nicer person'
▼ + stars: | 2024-02-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Barbara Corcoran turned an unpleasant retail experience into a business lesson she still uses today. Corcoran grew "furious," she said, wanting to give the woman a piece of her mind, until her brother stepped in. Consider: She's doing the best that she can,'" said Corcoran. Today, Corcoran thinks about those words often, she said: "She's doing the best that she can." "[Those] seven simple words made me a much nicer person," Corcoran said.

Persons: Barbara Corcoran, Corcoran, Barbara

☆ Barbara Corcoran says 'forget about Florida' and look elsewhere in the U.S. to buy a home
▼ + stars: | 2024-02-12 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

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. But not Florida, forget about Florida," she added. The Southern state has become a growing base for different industries, including tech and aerospace.

Persons: Gen Zers, Barbara Corcoran, Elvis Duran, Corcoran, There's Organizations: Sunshine State, Fortune Locations: Florida, Texas, Southern

☆ 15-year-old lands $100,000 'Shark Tank' offer for idea he had at age 8: 'You're a great example for kids'
▼ + stars: | 2024-01-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."

Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles

☆ There are 3 bullish signals flashing that point a recovery in the housing market, Compass CEO says
▼ + stars: | 2024-01-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The housing market is flashing signs of life, Compass CEO Robert Reffkin said. AdvertisementThe housing market is flashing a handful of bullish signals for the year ahead, according to Compass CEO Robert Reffkin. The founder of one of the nation's top real estate brokerages said he believed the housing market will be on the path to recovery in 2024. But more owners appear to be moving out of necessity or have warmed up to the idea of selling as mortgage rates head lower. At this rate, buyers are outpacing sellers in the market, Reffkin said, noting that Compass's real estate agents are seeing more business in the new year.

Persons: Robert Reffkin, Reffkin, —, brokerages, Freddie Mac, Sam Lafoca, LM Otero, Sellers, Phil Noble, I've, Barbara Corcoran Organizations: Service, National Association of Realtors, CNBC, Community, Getty, Associated, REUTERS, Mortgage, Association, New Locations: lancaster California, USA, Dallas, Kirkham, England

☆ Barbara Corcoran says all great entrepreneurs have imposter syndrome, and its key to success
▼ + stars: | 2024-01-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read preview"Shark Tank" investor Barbara Corcoran said there are benefits to feeling a little insecure at work. "I'll let you in on a little secret: all great entrepreneurs have imposter syndrome," Corcoran wrote in the caption below one of her recent TikTok videos . "That nagging voice that pops in your head telling you you're not good enough … that you don't deserve to be where you are. The businesswoman founded the real estate brokerage The Corcoran Group in 1973 and sold it to NRT for $66 million in 2001. There is some evidence to suggest that some workers with imposter syndrome can have better interpersonal skills because they are more focused on others.

Persons: —, Barbara Corcoran, Corcoran, I've, Pryor Organizations: Service, Business, Group, Buisness

☆ Barbara Corcoran: If you feel like a fraud at work, 'good for you'—why it 'guarantees' success
▼ + stars: | 2024-01-14 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Having imposter syndrome isn't fun — but it can be the key to unlocking your potential, according to Barbara Corcoran. In a recent TikTok video, the 74-year-old real estate millionaire said professionals should be grateful to have such self-doubt. "If you're struggling with imposter syndrome, good for you," she said. When you make it a habit to try harder than your peers, you'll inadvertently build self-assurance, Corcoran said. Corcoran, a co-star on ABC's "Shark Tank," even looks for imposter syndrome among the show's contestants — so she can prioritize investing in their companies.

Persons: Barbara Corcoran, you'll, Corcoran, I've Organizations: General Internal Medicine

☆ Barbara Corcoran swears by this 2-step strategy for organizing and achieving goals: It's 'essential'
▼ + stars: | 2024-01-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

That may seem counterintuitive, given the plethora of online scheduling websites and mobile apps available today. I, myself, prefer to write a calendar," she recently said in a free, live Q&A with her Patreon community. What's going to come first?" The next step, which Corcoran called her "secret," is figuring out which goals you want to assign to which days, and group related tasks together. "Declare a specific day for getting done" what you need to accomplish on a specific project, she said.

Persons: Barbara Corcoran's, Gail Matthews, Corcoran, she's Organizations: Dominican University

☆ Why Mark Cuban is leaving 'Shark Tank'—and 3 of his biggest moments on the show
▼ + stars: | 2023-11-30 | by ( Ashton Jackson | ) www.cnbc.com time to read: +6 min

It's official: Mark Cuban says he's leaving ABC's "Shark Tank" after more than a decade on the show. His 12 years — and counting — on "Shark Tank" have produced memorable moments, ranging from laugh-inducing to heartstring-pulling. Here are three of the most notable ones:The largest offer in 'Shark Tank' historyDuring Season 6, Cuban made the biggest offer in "Shark Tank" history to Arum, Soo and Dawoon Kang, the sisters behind dating app Coffee Meets Bagel. "How many people can say they baited a Shark ... even better, the biggest Shark, and [still] came away with a deal?" Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

Persons: Mark Cuban, He's, he's, Dawoon Kang, Kang, Bagel, Cuban, Justin Crowe, Crowe, Lori Greiner, Kevin O'Leary, O'Leary, Donovan, Trey Brown, Barbara Corcoran, Warren Buffett Organizations: Hollywood, NBA's Dallas Mavericks, CNBC, Cuban, Sharks, Golden State Warriors, Mavericks Locations: Cuban, Los Angeles

☆ Mark Cuban says he's planning to leave 'Shark Tank' to spend more time with his kids
▼ + stars: | 2023-11-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Mark Cuban says he's leaving "Shark Tank" after more than a decade on the show. As of 2022, Cuban says he invested $29 million in "Shark Tank" businesses, Forbes reports. AdvertisementABC's "Shark Tank" will soon be down a billionaire if Mark Cuban makes good on his plan to leave the show. ABC declined to comment on whether "Shark Tank" will continue if Cuban leaves after season 16. AdvertisementIn 2022, Cuban told Forbes that he'd invested $29 million in at least 85 companies at that point in his time as a "Shark Tank" judge.

Persons: Mark Cuban, —, Cuban, Matt Barnes, Stephen Jackson, Barbara Corcoran, Lori Greiner, Daymond John, Kevin O'Leary, Robert Herjavec, Forbes, he'd Organizations: Forbes, Service, NBA, Hollywood, ABC, Cuban Locations: Cuban

☆ Shark Tank's Barbara Corcoran almost overlooked her best hire because she was too 'soft-spoken'
▼ + stars: | 2023-11-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Barbara Corcoran, a real estate mogul and Shark Tank investor, almost didn't hire her business partner. Corcoran said Esther Kaplan was too introverted in an interview and she had "no intention of calling her." It was only when Corcoran took a peek inside Kaplan's purse that she decided to hire her on the spot. AdvertisementAdvertisementShark Tank investor Barbara Corcoran opened up about how she almost passed over her best employee and future business partner because she felt they were too quiet for a sales position at her company. Corcoran went on to explain that it was when Kaplan opened a small purse to put away the business card that she decided to hire her.

Persons: Barbara Corcoran, Corcoran, Esther Kaplan, —, Esther my, Kaplan, Introverts, Susan Cain, Cain Organizations: Shark, Service, Corcoran, The Corcoran Group

☆ Barbara Corcoran almost rejected her best hire because she was introverted: I had ‘no intention of calling her’
▼ + stars: | 2023-11-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Barbara Corcoran almost missed out on "the best hire" she ever made — all because the prospective employee seemed too introverted. In walked Esther Kaplan, who would eventually become Corcoran's business partner and longtime president of The Corcoran Group. But at the time, Kaplan didn't seem like the right fit for the sales position she'd applied for, Corcoran said. Corcoran recalled watching Kaplan take the card and place it within a meticulously organized purse, complete with labeled partitions. "With a mind like that, I knew I wanted my business in her purse," said Corcoran.

Persons: Barbara Corcoran, Esther Kaplan, Kaplan didn't, Corcoran, Esther my, Kaplan Organizations: The Corcoran

☆ Mortgages will remain sky-high in 2024, pushing existing home sales to a 3-decade low, Goldman Sachs says
▼ + stars: | 2023-10-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Mortgage rates will stay high through 2024, dipping to just under 7% at year-end, Goldman Sachs forecasts. This will keep homeowners off the market, and the housing turnover rate will fall to its lowest since the 1990s. Higher rates will also mean more moderate price growth, with a 1.3% year-on-year rise expected in 2024. AdvertisementAdvertisementThough housing starts are usually sensitive to mortgage rates themselves, Goldman has previously found that this relationship weakens if homeowner vacancy rates are low. The below-trend level will follow an estimated 3.4% price increase for 2023 — though the current rate is higher, Goldman expects prices to turn negative into the year-end.

Persons: Goldman Sachs, —, Goldman, multifamily, Barbara Corcoran Organizations: Service

☆ Couple had $18 in the bank when they started their company—now they have millions in revenue and a $400,000 'Shark Tank' deal
▼ + stars: | 2023-10-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.

Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States

☆ Why now is actually a good time to buy a house
▼ + stars: | 2023-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

And yet, there's an argument to be made for getting in now if you can find something, even amid 20-year high mortgage rates and stubbornly high prices. Mortgage rates at 8% have sidelined a good portion of the competition. High mortgage rates are the new normalThat message doesn't appear to be getting through to prospective homebuyers, who have made themselves scarce as mortgage rates have continued their steady rise in 2023. AdvertisementAdvertisementFairweather sees mortgage rates staying where they are until the Fed begins to cut rates in mid-2024. That could cause mortgage rates to ease around 100 basis-points next year, dropping as low as 7%.

Persons: —, Barbara Corcoran, don't, Lawrence Yun, Daryl Fairweather, Fairweather Organizations: Service, Corcoran, National Association of Realtors, Federal Reserve

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