Homebuyers jammed up by stubbornly high mortgage rates, tariff threats
Buying a home is tough. Selling one is tougher. A major plank in the Trump plan to cut consumer costs is in jeopardy.
The U.S. housing market remains stuck in a rut that could extend well into next year, challenging a key plank of President Donald Trump's economic agenda to lower the cost of living and and bring down home prices.
Mortgage rates and a lack of new homes on the market remain the main obstacles to unbinding the $50 trillion-plus housing market. The sector has seen record high prices and notably fewer transactions since the Covid pandemic as overall home-buying costs have surged.
