After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

The trade war initiated by President Trump is sending the global market into a downward spiral. Analysts highlight that the asymmetric nature of the conflict, where the U.S. is at odds with everyone else,