Reported about 20 hours ago
Following Donald Trump's election, projections for mortgage rates rose, indicating a challenging market for homebuyers. Economists now expect rates to remain high, potentially around 7% through 2024, exacerbated by uncertainties related to Trump's tariffs and immigration policies, which may lead to inflation and a labor shortage in construction. While the housing market has seen a decrease in contracts, election outcomes have stirred renewed interest among some buyers, indicating a mixed outlook.
Source: YAHOO