Property Brothers warn of challenges in 2025 housing market

Property Brothers Jonathan and Drew Scott have expressed concerns about the 2025 housing market. They warn that proposed tariffs on goods from Mexico and Canada could increase costs for building materials, impacting home renovations and house flipping. The brothers noted that high interest rates and rising material costs are discouraging homeowners from moving or renovating. They are shifting their focus to modest renovations in a new show, as extensive projects may not be feasible for many. Mortgage rates remain high, averaging 6.44 percent for a 30-year fixed loan. Experts suggest rates need to drop below 6 percent to stimulate the housing market, which has become increasingly unaffordable for many Americans.