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Illustration: Tomi Um
Real Estate

US Homebuyers Confront a New Wild Card This Year: Trump

High rates, high prices and the uncertainty of the White House’s policies are looming over the housing market during the most competitive time of year.

It’s a tough time to be a homebuyer in the US. And reading the tea leaves on where the market might be headed is almost as challenging.

With prices still on the rise across much of the country, and mortgage rates hovering above 6.5%, affordability will be a concern for many house hunters this spring. But there’s a big wild card: the new president.