Reported about 22 hours 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