04/11/2025
‼️‼️Despite Trump's tariff pause, JP Morgan maintains a 60% probability outlook for a RECESSION. Here's what this could mean for the Northeast's housing market⬇️⬇️
Demand will subside and buyers will retreat, balancing out our supply crisis. Eventually, we should expect to see home prices come down. When demand decreases, the Fed will likely LOWER borrowing costs (mortgage rates).
All that being said, a recession is very serious and scary for Americans. Keep an emergency fund and stay vigilant!
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SOURCE:
Trump’s new tariffs have raised fears that the U.S. economy will plunge into recession, which would have a major impact on the housing market.