Reported 1 day ago
The ongoing economic uncertainty, heightened by tariffs and stock market fluctuations, is straining the spring home buying season in the U.S. Recent data shows that over 14% of home purchase agreements were canceled in mid-April, the highest rate since 2020, with many potential buyers feeling insecure about their financial futures. As mortgage rates rise and recession fears grow, first-time homebuyers are becoming increasingly cautious, preferring move-in ready homes over fixer-uppers due to rising renovation costs linked to tariffs.
Source: YAHOO