Trump Faces Challenging Housing Market with High Prices and Interest Rates

Reported about 10 hours ago

As President-elect Trump takes office, he confronts a deteriorating housing market marked by soaring prices and interest rates. Experts warn that his proposed policies on tariffs and immigration may worsen affordability issues, as existing home sales plummet to near 30-year lows and mortgage rates exceed 7%. Trump's plans may face significant hurdles, as rising building costs, dependent on a fragile supply chain and the immigrant labor force, threaten the housing recovery.

Source: YAHOO

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