John Sim, head of Securitized Products Research at J.P. Morgan, untangles the intricate web of the U.S. housing market. The conversation dives into how tariffs impact construction costs and affect home prices. Sim discusses the locked-in mortgage rates benefiting current homeowners, while renters face growing affordability challenges. They also predict mortgage rates could drop to 5.75% by the end of 2025, amidst changing economic conditions. Finally, rising insurance costs and consistent tenant retention rates shape rental market dynamics.
