Global Trade Tensions and the Housing Market

[Cody Smith]

Hello BP community! I am trying to gain more knowledge and experience with understanding and predicting the real estate market. More specifically, how National and global issues affect the housing market positively and negatively. I’m sure everyone here knows about the trade tensions with China and other countries. How do you think that these trade changes will affect the housing market? Is it a safe assumption to think that the new tariffs on goods will cause the general cost of living to rise, ultimately resulting in a snowball effect that will lead to a bear market? I’m positive there are people here who know much more about the entire situation than I do, I just want to get a discussion started to see what you guys are thinking. Thanks! -Cody Smith

[Jay Hinrichs]

Originally posted by @Cody Smith:

Jay Hinrichs With farmers and individuals in those types of markets being hit the hardest, do you think that it would really only be those regions of the housing market that would be affected? Or do you think it could result in a wide spread epidemic to ultimately change the market as a whole? Just trying to understand if global impacts such as this one are things to take notice of as a potential contender in a market shift.

 really don't know .. but I Know where it has affected me personally.. I spent about 250k this year more in lumber for my new builds than last year..