The Latest News About The Housing Market
Tariffs and immigration impacting the housing industry: While overall economic growth and less regulation can be beneficial, tariffs on construction materials can contribute to rising costs for builders, making homes less affordable. Additionally, changes in immigration policy may impact labor availability in the construction sector, further driving up costs. These challenges can make new homes less accessible to buyers.
Renting vs. buying: Homeownership is approximately 60% more expensive than renting in some markets, compared to historical norms where it was about 6% more expensive. However, owning a home still offers significant long-term financial benefits, with homeowners’ net worth being almost 40 times that of renters, making a home purchase a smart investment.
~ Above information provided by realtor.com on March 4, 2025 ~
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