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☆ 'Shark Tank' investor Barbara Corcoran says young people's dreams of buying a home are being crushed
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementBarbara Corcoran says it's "disturbing" how young people are being locked out of the housing market. The "Shark Tank" investor pointed to first-time buyers getting older and losing out to cash buyers. High prices, steep mortgage rates, and fierce competition are locking young people out of becoming homeowners, Barbara Corcoran says. Plus, the median age of first-time buyers climbed from 35 to 38. Corcoran also dismissed concerns that the housing market is overheated and headed for a slump.

Persons: Barbara Corcoran, Corcoran, Trump, Sellers, —, they're, Trump's Organizations: Fox Business Network, The Corcoran Group, National Association of Realtors

☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

☆ 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

☆ 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, —

☆ 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

☆ Manhattan real estate brokerages are sued for inflating commissions
▼ + stars: | 2023-11-13 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. That verdict, which a judge can triple to more than $5.3 billion, could upend decades-old practices that require sellers to pay commissions to buyers' brokers. March said it is unclear whether this would result in lower commissions, or delay sales while buyers' brokers negotiate with sellers. The lawsuit seeks damages for sellers of Manhattan residential property in the last four years who paid buyer brokers' commissions under REBNY rules. The case is March v. Real Estate Board of New York et al, U.S. District Court, Southern District of New York, No.

Persons: Douglas, Mike Segar, Douglas Elliman, Monty, Carl Hum, Corcoran, REBNY, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, Real, Board, New, Corcoran, National Association of Realtors, NAR, ., Court, Southern District of, Thomson Locations: Manhattan's, New York City , New York, U.S, New York, Manhattan, Missouri, Brooklyn, Southern District, Southern District of New York

☆ 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

☆ 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

☆ Annie Leibovitz, Now an Empty-Nester, Lists Upper West Side Duplex
▼ + stars: | 2023-10-16 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

Annie Leibovitz is one of the world’s most celebrated and prolific photographers, with a deep portfolio of famous portraits, from John Lennon and Yoko Ono to Michelle Obama. In addition to owning a home in Rhinebeck, N.Y., Ms. Leibovitz has bought and sold several properties in Manhattan. Among them, a co-op in Chelsea and a three-building compound she assembled in the West Village in the early 2000s. In 2014, looking to be closer to her children’s school, she purchased a sprawling duplex on the Upper West Side. But now resettled downtown after buying an apartment on West Street in the West Village just last year, Ms. Leibovitz is putting the duplex at 88 Central Park West, a.k.a.

Persons: Annie Leibovitz, John Lennon, Yoko Ono, Michelle Obama, She’s, Leibovitz, Deborah Kern Organizations: Park West, Corcoran Group Locations: Rhinebeck, N.Y, Manhattan, Chelsea, West, a.k.a

☆ Barbara Corcoran says she prefers her trailer in LA over her penthouse in New York City
▼ + stars: | 2023-10-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Corcoran says she convinced the previous owner to sell the trailer by saying she'll still let her "use it whenever." AdvertisementAdvertisementIn an attempt to convince the previous owner to let go of the trailer, Corcoran ended up making her an offer she couldn't resist. AdvertisementAdvertisementThe TikTok video has since amassed over 3,000 comments, with many users expressing surprise at Corcoran's home. "I love that she could EASILY afford a seaside mansion, but opts for a trailer with a view," one TikTok user commented. AdvertisementAdvertisement"love the home, but million dollar beachfront trailer park is something that can only exist in LA," a TikTok user commented.

Persons: Barbara Corcoran's, Caleb Simpson, Corcoran, she'll, —, Barbara Corcoran, who's, Simpson, that'll, she's, lauding Corcoran Organizations: Service, Pacific Palisades, Corcoran, New York City, YouTube Locations: Pacific Palisades, Los Angeles, LA, Angeles, Pacific, New York

☆ They Wanted a House in the City for $1 Million. Would They Find It in Brooklyn or Queens?
▼ + stars: | 2023-09-28 | by ( Joyce Cohen | ) www.nytimes.com time to read: +2 min

“It reminded me of home,” said Dr. McCullough, who is from Baltimore. Dr. McCullough, now 38, was also in a new relationship with Lorne Behrman, whom she had met online. Mr. Behrman, 48, a musician and copywriter from California, had been divorced for several years. Email: thehunt@nytimes.com]When Dr. McCullough was growing up, money was tight and her family had to move a lot. So Mr. Behrman called James M. Armstrong, a friend and salesman with the Corcoran Group.

Persons: Covid, Danielle McCullough, ”, McCullough, Dr . McCullough, Lorne Behrman, Behrman, “, Danielle, James M, Armstrong, ” Mr Organizations: East, aha, Corcoran Group Locations: East Harlem, Manhattan, Baltimore, anesthesiology, California, Midwood , Brooklyn, Westchester, McCullough’s

☆ 'Shark Tank' watch: Kevin O'Leary warns about commercial real estate, Barbara Corcoran expects house prices to climb, and Daymond John touts Apple and Amazon
▼ + stars: | 2023-09-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Three "Shark Tank" investors weighed in on stocks, real estate, and cryptocurrencies. Daymond John loves Apple and Amazon; Kevin O'Leary likes index funds but worries about commercial space. AdvertisementAdvertisementA trio of "Shark Tank" investors shared their views on stocks, real estate, and cryptocurrencies in a Fox Business interview on Tuesday. Kevin O'Leary touted index funds, rang the alarm on commercial real estate, and predicted the crypto industry will clean up its act. AdvertisementAdvertisement"Stock picking is really hard," the founder of O'Leary Funds and O'Leary Ventures said.

Persons: Daymond John, Apple, Kevin O'Leary, Barbara Corcoran, —, Daymond John trumpeted Apple, he's, she's, Stocks O'Leary, O'Leary, John, Amazon's, Corcoran, Crypto O'Leary, Sam Bankman, Fried's, I'm Organizations: Service, Fox, O'Leary Funds, O'Leary Ventures, Apple, Foods, The Corcoran Locations: bitcoin

☆ House prices won't fall – and could soar 15% when mortgage rates drop, says 'Shark Tank' investor Barbara Corcoran
▼ + stars: | 2023-08-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Home prices won't drop, and could surge 15% once mortgage rates fall, Barbara Corcoran says. There's a shortage of homes for sale as people don't want to give up their cheap mortgage rates. The housing market is in good shape, and buyers will pounce once rates drop, Corcoran says. In response to a massive inflation spike last year, the Federal Reserve has raised interest rates from almost zero to more than 5% since last spring. In June, she suggested home prices could jump as much as 20% once interest rates drop by two percentage points.

Persons: Barbara Corcoran, Corcoran, it's Organizations: Service, Federal Reserve, Corcoran Group Locations: Wall, Silicon, Florida

☆ Barbara Corcoran: This is the No. 1 quality that all ‘worthwhile employees’ share
▼ + stars: | 2023-07-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Barbara Corcoran knows what it takes to catapult your career to the next level. In her 20s, the multi-millionaire worked as a receptionist for the Giffuni Brothers' real estate company in New York City. She later founded her own residential real estate company, The Corcoran Group, with just $1,000 — and later sold it for $66 million. Corcoran says trying harder, working harder and going the extra mile when she was an employee helped her become successful, and she advises others to do the same. The only worthwhile employee is the employee who takes the most stuff off the boss' desk."

Persons: Barbara Corcoran, Corcoran, Mark Cuban, Randall Kaplan Organizations: The Corcoran, CNBC Locations: New York City, U.S

☆ Barbara Corcoran: You don't need to 'work your buns off to get rich'—here’s what to do instead
▼ + stars: | 2023-07-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Barbara Corcoran has an unpopular opinion that sets her apart from most millionaire entrepreneurs. "I don't agree that you should work your buns off to get rich," Corcoran, the founder of real estate firm The Corcoran Group and star of ABC's "Shark Tank," tells CNBC Make It. But she never put her work before other aspects of her life, like family, health or time off, she says. Self-made millionaire Grant Cardone has encouraged working 95 hours per week to attain a seven-figure net worth. "If you can outwork the rest of the population, you're going to get lucky," Cardone told CNBC Make It in 2017.

Persons: Barbara Corcoran, Corcoran, Elon Musk, CNBC's David Faber, Grant Cardone, Cardone Organizations: Corcoran Group, CNBC

☆ 'I went out and bought my parents a car': Barbara Corcoran on the first time she felt successful
▼ + stars: | 2023-07-02 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +1 min

For Barbara Corcoran, real estate expert and star of ABC's "Shark Tank," success is no longer about money. But the very first time Corcoran felt successful was the day she first made a profit. Rather than buy something for herself, Corcoran says she immediately spent the money on two people most important to her: her parents. Corcoran used a $1,000 loan to start her real estate business, the Corcoran Group, in 1973. But despite her continued success on "Shark Tank" and beyond — and her ability to continue buying gifts for others throughout her career — Corcoran says that day remains unparalleled.

Persons: Barbara Corcoran, Corcoran, Richie, — Corcoran Organizations: Corcoran Group Locations: Florida, —

☆ 'Shark Tank' star Barbara Corcoran praises Donald Trump's selling skills, shrugs off recession fears, and warns of AI fallout in a new interview. Here are the 12 best quotes.
▼ + stars: | 2023-06-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Barbara Corcoran praised Donald Trump's selling skills and championed real-estate investing. The "Shark Tank" star advised young people to try employment before starting a company. (Corcoran said that besides her Shark Tank investments, she puts all of her money into real estate, and that's why she's become rich.) "Investing in real estate is a wonderful magic trick. "On 'Shark Tank,' I never invest in kids that have money.

Persons: Barbara Corcoran, Donald Trump's, —, Corcoran, Kevin, he's, Donald Trump, she's, It's, I've, They've Organizations: Service, The Corcoran, YouTube

☆ Barbara Corcoran says people get 2 things wrong about being rich: 'I'm no happier today than I was when I was dirt poor'
▼ + stars: | 2023-06-14 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +2 min

People say money can't buy happiness. And Barbara Corcoran, star of ABC's "Shark Tank" and real estate entrepreneur, would say those people are absolutely right. "I'm not going to use that cliché and say, 'money doesn't buy happiness,' but it's true," Corcoran tells CNBC Make It. To Corcoran, there are two major misconceptions people have about being rich: money brings happiness and money doesn't corrupt relationships. 2: Money doesn't change relationships

Persons: Barbara Corcoran, Corcoran, I've, They're, they're Organizations: CNBC, Corcoran, Corcoran Group, University of Pennsylvania

☆ All-cash homebuyers are becoming 'disruptive' to the housing market
▼ + stars: | 2023-06-08 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

As for the cash buyers who can pay in full without taking out a mortgage, their power has only increased. In April, cash buyers represented 33.4% of transactions, far above levels hovering around 25% for most of the past decade. The data is the latest sign that cash buyers are clashing with borrowers more than ever. "Cash offers used to be an occasional nuisance and now they're becoming disruptive" to the market, said Debra Shultz, a vice president of mortgage lending at CrossCountry Mortgage. At each turn, he lost them either because he'd been outbid, or because the seller went with a cash offer, she said.

Persons: Redfin, Cash, —, homebuyers begrudgingly, Debra Shultz, Shultz, he'd, Deanna Kory, Kory, she's Organizations: Service, CrossCountry Mortgage, Corcoran Group Locations: New York City, Manhattan, In New York City

☆ Tornados! Fire! Ice Storms! These Real-Estate Agents Risk Life and Limb for the Sale
▼ + stars: | 2023-06-07 | by ( Robyn A. Friedman | ) www.wsj.com time to read: +3 min

Illustration: A Richard AllenWhat is the worst weather you have ever had to contend with while showing a home? I see wall clouds all the time, but for those not familiar with them, it’s a giant tower of clouds, and it’s very dark and ominous-looking, so it can be scary. My buyer, who claimed to have been some sort of weather watcher, started freaking out, saying things like, “That’s a wall cloud! I wouldn’t say this was the worst weather, but it was definitely the weirdest. The sky was red and black, and all we could see was a small circle of light in the sky.

Persons: Richard Allen, Justin Fox, Max, —, hysterically, Victoria Rong Kennedy Organizations: Cottage, Corcoran Group Locations: Cottage Grove, Minn, New York, N.Y, Manhattan

☆ A TriBeCa Loft Where Rafael Viñoly Worked, and Played the Piano
▼ + stars: | 2023-06-02 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

Mr. Viñoly trained as a classical pianist in his native Uruguay before embarking on a successful career in architecture. The New York-based Rafael Viñoly Architects, founded four decades ago, is known around the world for its major commercial, residential and cultural structures, like the new Carrasco Airport in Montevideo, Uruguay, and 20 Fenchurch Street, nicknamed the “Walkie-Talkie” building, in London. Roman Viñoly says he is now ready to sell the co-op, situated between Duane and Thomas Streets, and has placed it on the market for $2.5 million. Mr. Viñoly says that both he and his father had fond memories of the downtown loft. “It’s a very small community,” he said of the four-unit building with a ground-floor commercial tenant, “and we all look after each other.”

Persons: Viñoly, Rafael Viñoly, ’, Roman Viñoly, Thomas, Nicholas Athanail, Spencer H, Cutler, ” Organizations: Rafael Viñoly Architects, Carrasco Airport, Fenchurch, Corcoran Group Locations: Uruguay, New York, Montevideo, London, New York City, Midtown, Duane

☆ Hamptons rental prices fall for the summer as owners contend with oversupply
▼ + stars: | 2023-05-15 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. Wall Street bonuses fell 26% last and several of the large Wall Street firms and banks, including Morgan Stanley, Citigroup, Bank of America and Lazard, have announced job cuts. "The Hamptons is tied to Wall Street with an umbilical cord," Desiderio said. "When Wall Street is doing well, we do well. The one bright spot in the rental market, at least for owners, is at the very high end, especially oceanfront.

☆ When Barbara Corcoran sold her company for $66 million, she didn't know how much it was worth—here's how she negotiated anyway
▼ + stars: | 2023-05-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Nearly three decades later, she flipped it to brokerage firm NRT for $66 million. The large dollar figure wasn't the result of industry research or market valuation, Corcoran said: Rather, it was her "lucky number." Corcoran wanted to sell her company because she'd achieved her goal: The Corcoran Group was the largest brokerage in New York, she said. It's unclear whether Corcoran could have gotten more for her company, given its then-status as New York's top brokerage. The Corcoran Group's primary competitor at the time, Douglas Elliman, sold for $75 million four years prior, The New York Times noted.

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