Home prices will 'go through the roof' as soon as rates come down a single percentage point, 'Shark Tank' investor Barbara Corcoran says

BI

• 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.

Mortgage rates are edging closer to a "magic" number that will cause buyers to rush back to the market and send home prices soaring, according to real estate mogul Barbara Corcoran.