Trump's tariffs may negatively impact US housing market

Donald Trump’s new tariff plans on imports from Canada and Mexico have caused a significant drop in U.S. stock markets, raising concerns about a potential recession. The S&P 500 fell nearly 3 percent, while the Nasdaq dropped 4 percent. The U.S. housing market is already struggling due to high prices and limited inventory. Experts warn that a recession could further decrease buyer confidence, leading to more price reductions and longer selling times for homes. While a recession might lower mortgage rates, it could also worsen housing affordability. Experts believe that falling home prices would not benefit first-time buyers, as many homeowners would face losses in their equity.