Economists are increasingly concerned that Donald Trump's proposed tariffs and tax cuts could lead to higher mortgage rates and inflation, negatively affecting potential homebuyers.
In light of Trump's proposals, Redfin has adjusted its projected average mortgage rate for 2025 from 6.1% to 6.8%, reflecting the growing uncertainty in the housing market.
Capital Economics anticipates a sustained period of mortgage rates around 7%, limiting any potential increase in home sales and affecting market recovery.
Trump's tariffs, particularly targeting imports from China, may elevate costs for consumers and raise inflation, which could further strain the housing market.
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