T
he 90-day pause on tariffs between the US and China has sent a positive signal to the real estate market, which has been struggling this spring. The rollback of high tariffs could boost consumer confidence and alleviate some of the costs associated with buying a home. According to Joel Berner, a senior economist at Realtor.com, the pause will help ease inflation and give consumers more money in their pockets.

    The National Association of Home Builders welcomed the news as "a positive step," urging the Trump administration to secure fair trade deals that eliminate tariffs hurting building material supply chains. While the spring homebuying season has been sluggish, there are signs of improvement: mortgage applications jumped 11% last week and more people are touring homes than a year ago.

    However, affordability remains a major concern for potential buyers, with mortgage rates ticking up to around 7%. The market is expected to remain volatile as inflation and revenue balance out. Despite this, the easing of tariffs could give the Federal Reserve room to ease interest rates, leading to lower mortgage rates and increased homebuying activity in the long run.