Trump’s endless tariff policies will likely hit just about every corner of the American economy, but the US housing industry is poised to take a devastating blow.
Mortgage rates are higher, there’s a labor shortage, and material costs are on the rise, which all make the concept of homeownership less attainable. You would think that the aging population would help free up some of that real estate, but the boomers are aging in place, rather than downsizing or going to a retirement home.
So, if you already own a home…good for you! If you do not…I hear Van-life is all the rage right now!