Real estate guru Barbara Corcoran has revealed the mortgage rate drop that she believes would cause the housing market to “go ballistic,” while warning that there is a “desperate need” for ...

Her nickname now is “The Queen of New York Real Estate,” but Barbara Corcoran was still on a pauper’s budget the day she saw the penthouse that would become her home.

Still, the real estate mogul says many Americans won’t see much relief from the change. Barbara Corcoran said “uncertainty” is the “biggest” problem with the housing market right now.