Trump tariff showdown could have huge impact on housing market

After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

The Trump administration had suggested imposing tariffs on key U.S. trade partners Canada and Mexico over the past few months, but yesterday, it announced controversial plans to implement retaliatory tariffs on most countries.