Corcoran and Cisneros’s Housing Market Talk Merits a Closer Look

US housing market prospects

In a January 10 interview with Wall Street Week, Shark Tank’s Barbara Corcoran and former Housing and Urban Development Secretary Henry Cisneros shared their views on the housing market. They weighed in on:

  • the current state of the US real estate market and buying versus renting
  • how the government and foreign investments tend to influence the housing market
  • whether interest rates and stock markets (VOO) (IWM) (QQQ) correlate to real estate values
  • the housing market’s (REM) future and where you can make money

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Barbara Corcoran: Founder, The Corcoran Group

Popularly known as the “shark” from ABC’s Shark Tank, Barbara Corcoran is the founder of The Corcoran Group. Corcoran started her career with a $1,000 loan and went on to found the first female-owned realty firm in New York, The Corcoran Group. She later sold the company for a hefty sum of $66 million.

Corcoran’s acumen and insight about the housing market helped her build the largest and best-known brand in the real estate business. Real estate investors—like investors in the iShares Dow Jones US Real Estate ETF (IYR) or the Vanguard REIT ETF (VNQ)—look forward to hearing what a realty specialist of Corcoran’s status thinks about the US housing market and its future.

Since 2008, Corcoran has also been an investor in the number-one Friday night show Shark Tank. An entrepreneur, a real estate market baron, a successful angel investor (through Barbara Corcoran Venture Partners), an author, a motivational and inspirational speaker, and a former NYU professor—Barbara Corcoran is all of these things.

Henry Cisneros: Founder and Chairman, CityView

Henry Cisneros is an icon to real estate investors for his long and deep association with the sector both as a policymaker and as a successful investor. Cisneros, a Democrat, served as the tenth secretary of the United States Department of Housing and Urban Development (or HUD) under President Bill Clinton from 1993 to 1997. As HUD Secretary, Cisneros is well-known for initiating the revival of many public housing developments and formulating policies that helped achieve the nation’s highest-ever homeownership rate. Throughout his career in politics and business, Cisneros has remained actively involved in housing development and urban revitalization.

Cisneros is also an acclaimed investor in the housing market. He has invested for the last 15 years in CityView. The company raises capital to invest in the urban real estate market. Through his partnership, Siebert Brandford Shank & Co., Cisneros also invests in infrastructure.

In this series, we’ll discuss these real estate moguls’ views on the current state of the housing market and its future.