After the Trump administration announced new tariffs, global stock markets experienced significant declines, raising economic uncertainty. Lisa Sturtevant's comments suggest businesses may restrict hiring and families may cut spending. Despite this, real estate expert Stella insists that purchasing property remains a solid investment, predicting a normal home value increase of 2% to 5% in Greater Boston this year. He highlights real estate as a refuge for investment during turbulent times, though potential buyers are facing mixed factors regarding inflation and mortgage rates.
The stock market has had its biggest losses since 2020. The expected impacts of the administration's tariffs mean businesses will hold back on hiring.
For Stella, this means Friday's cancelled deal may just be the tip of the iceberg as more homebuyers weigh economic risks against purchasing.
However, Stella believes this is still a good time to buy property, suggesting real estate is a safe harbor investment amidst uncertainty.
Stella anticipates home values in Greater Boston to increase by 2% to 5% this year, viewed as normal price appreciation pre-pandemic.
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