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President Trump's plan to slap tariffs—25% on imports from Canada and Mexico and 10% on imports from China—could shake up the U.S. housing market in a big way. Higher tariffs usually mean higher prices, which could keep mortgage rates up longer than expected. The Fed might hold off on cutting rates if inflation stays stubborn, making home loans more expensive. On top of that, since a lot of building materials come from Canada, home construction costs could jump, which means fewer new homes or higher prices for buyers. And if Canada, Mexico, and China hit back with their own trade measures, it could slow down the economy even more. If things take a turn for the worse, we could end up in a situation where prices keep rising, but growth slows down—making it even harder for people to afford a home.
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PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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