Part 3/7:
Experts are sounding alarms about the potential repercussions for the housing market. The performance of housing-related shares in the U.S. equity market has been subpar, suffering double-digit percentage declines since the election. Many analysts believe that the current economic climate could herald a downturn in one of the historically stable property markets.
Fixed-rate mortgages were once seen as a safety net, offering predictable monthly payments. However, the worry now lies in the unpredictability of future property taxes and insurance costs. As homeowners face ongoing increases, the human element of this economic story is felt acutely by those struggling to balance their budgets against rising living costs.