LOUISVILLE, Ky. (WDRB) -- Just when it seemed the housing market was starting to show signs of life, mortgage rates are up again and tariffs are threatening to make new homes and remodeling more expensive.
Inventory continues to remain low, and high prices on existing homes are not the only concern.
Home builders and relators are saying you may want to sign that contract soon if you're thinking of buying a new home. Tariffs are already sending the price of Canadian lumber and fixtures up, along with cabinets from China too.
Even if tariffs are removed, high prices can be sticky. Customers at recent home expos are realizing that prices are higher even after four years of inflation.
Always remember - you're in a home long term, and you can always refinance in the future.
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