Trump's tariffs are predicted to affect housing markets across the USA differently, particularly impacting states that rely heavily on trade. The National Association of Realtors (NAR) highlights that regions with significant export-driven economies, like Louisiana, are particularly vulnerable, as job markets and home prices will be more susceptible to changes brought about by tariffs. These fluctuations in the job market are likely to discourage homebuying, and the study emphasizes the importance of understanding regional economies in the context of trade dynamics.
When we talk about trade, most people think that it's something that happens at the national level, but in reality, it plays out very differently from state to state.
States that are more trade-reliant experience larger job market fluctuations than states with more domestic industries, which impacts homebuying activity.
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