Shownotes Transcript
Could Trump’s proposed tariffs be the reason for the **recent rise in mortgage rates)? Could this slow the housing market) and cause affordability) to get worse? What happens if rates stay higher for longer **and more homebuyers get kicked out of the market? We’re talking to **Redfin’s Chen Zhao **about how tariffs will affect you and the surprising findings from a new homeowner survey foreshadowing something none of us wanted to see about housing inventory.
**Tariffs **could change many things: they could increase construction costs for houses, lead to **higher **inflation) and higher mortgage rates, or put jobs back into American communities. Does the market believe the Trump administration will go forward with their flat tariff for most countries? Or will they pick and choose specific exporters within specific countries to tack a tariff onto?
Plus, why are** sixty percent of homeowners planning NOT to sell their homes** in the near future or…ever? If higher mortgage rates remain, will all those homeowners with low mortgage rates stay put without downsizing or moving, locking up housing inventory tighter than it currently is? It’s possible, potentially leading to long-term declines in real estate prices. But don’t worry, Chen breaks down the entire timeline.
In This Episode We Cover
Trump’s** tariffs **and the effect they’re having on **mortgage rates **
Redfin’s **shocking new homeowner survey **that points to more locked-up inventory
Is a real estate price correction coming? Why prices could slump after rising
Whether or not the market thinks Trump will go forward with vast tariff proposals
Why interest rates)** could stay higher for longer **than many of us expected
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Find Investor-Friendly Lenders)
Redfin: More Than One-Third of Homeowners Say They’ll Never Sell)
Grab Dave’s Book, “Real Estate by the Numbers”)
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/on-the-market-290)
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