Story perspectives
Trump's Tariffs Could Spike Home Prices by $7,000
2/23/2025
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Story summary
- Trump's tariffs on steel, aluminum, and Chinese goods may increase home prices by $5,000 to $7,000, according to major builders.
- Provo, UT, and Tucson, AZ, among five cities, face over a 70% chance of home price declines within a year.
- Cooling demand in the housing market is driven by increased inventory and high mortgage rates.
- Nationally, home prices are projected to grow modestly by 4.1% through 2025, despite local declines.
