Impact of Economic Uncertainty on Home Buying Demand

Current economic uncertainties, particularly due to rising tariffs and job losses, are affecting the home buying market. Although mortgage rates are falling, there are concerns that the fear of job losses might prevent potential buyers from entering the market. Traditionally, lower rates would spur demand, but the current climate indicates a shift in consumer mentality where job security weighs heavily on buying decisions. This complex situation highlights a potential disconnect between falling mortgage rates and consumer willingness to buy, especially since many buyers were previously hesitant due to high costs.