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

Join BiggerPockets for FREE

Find Investor-Friendly Lenders

Dave's BiggerPockets Profile

BiggerPockets Daily Podcast 1263 - Investors: Stop Worrying About Interest Rates—Here’s Why Right Now Is the Time to Buy

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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