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

• 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.

Speaking to Fox Business Network on Wednesday, the "Shark Tank" star and Corcoran Group founder warned of a coming surge in home prices once mortgage rates edge closer to 6%.