| Barbara Corcoran | |
|---|---|
| Born | Barbara Ann Corcoran |
| Alma mater | St. Thomas Aquinas College (B.Ed.) |
| Occupation | Founder of the The Corcoran Group |
| Children | 2 |
Barbara Ann Corcoran (Edgewater, New Jersey; March 10, 1949[1][2][3]) is an American businesswoman, investor, speaker, business consultant, syndicated columnist, author, and television personality. As a television personality, she is a "Shark" investor on ABC's Shark Tank.
She graduated from St. Thomas Aquinas College with a degree in education in 1971. [4][5] After graduation, she taught school for a year, but soon moved on working various jobs including a side job renting apartments in New York City. She wanted to be her own boss, and in 1973 co-founded a real estate business called The Corcoran Group with her boyfriend, who fronted a $1000 loan (approximately $5,000, inflation-adjusted)[6]. [7] [3][5] In the mid-1970s she also began publishing The Corcoran Report on real estate data trends in New York City.[5]
In 2001, Corcoran sold her business to the giant NRT Incorporated for $66 million.[8][1]
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She is a columnist for More Magazine, The Daily Review, and Redbook, written books, and been featured in various shows such as Larry King Live.
In 2005 she was interviewed in Business Week, stating that there was no real estate bubble. This was obviously proved to be wrong, as housing prices peaked in early 2006, started to decline in 2006 and 2007, and may not yet have hit bottom as of 2011.
| “ | Of course there's no bubble. I think we're just getting started... There are so many more buyers than there are homes to sell. Bidding and overbidding are the norm of the day. So it's going to take a lot to slow this market. Even if it does – which I don't see the signs of – it will still slow down slowly. That's not what a bubble does.[9] | ” |
|title= specified when using {{Cite web}}". US Inflation Calculator. http://www.usinflationcalculator.com/. Retrieved 3 January 2012.