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3 Ways Tariffs Could Affect The Housing Market
2025-05-02 23:45:04| Spiritual Career Counseling
Key TakeawaysTariffs stand to affect the already expensive housing market in different ways.Raw materials such as lumber, stone and copper could cost more, making new homes more expensive.Renovators could also face higher prices as tariffs will likely increase the costs of appliances, fixtures, cabinetry, and glass.Economic uncertainty also has an impact on borrowing costs as fluctuating mortgage rates create issues for lenders. Tariffs are adding new price pressures to a housing market that was already pricing out many buyers. President Donald Trumps changing tariff policieshave rattled markets and are being felt across the economy. The housing market is no exception: Tariffs could have a variety of effects on buyers, sellers, builders, and mortgage brokers. Housing market participants are bracing for increased costs ashousing affordabilityremains under pressure due to limited supply and elevated mortgage rates.Import taxes on materials like wood, plastics, glass, and metals will rai... [ more ]
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