T
he Greater Boston housing market is experiencing uncertainty, with buyers and sellers on edge due to the turbulent economy. Trade wars, federal funding cuts, and a volatile stock market are contributing to the anxiety. However, according to experts at the Warren Group, home prices in the area have actually increased slightly from last year as the spring real estate season heats up.

    Realtor Deric Lipski of Keller Williams Realty notes that interest rates have been unpredictable, causing concern among buyers and sellers. Despite this, he believes it's still a seller's market, with homes priced well and marketed correctly selling above average asking prices and experiencing over-bidding.

    The Warren Group tracks finalized real estate transactions, but spokesperson Cassidy Norton says predicting the rest of the spring market is challenging due to various unknowns. If the stock market continues to decline, people may have less buying power than expected, as their down payments are invested in the stock market.

    Mortgage broker Jeff Mancovsky has seen a number of potential buyers at his office, but they're hesitant to make a purchase due to job insecurity and high everyday costs. While home prices continue to rise, buyers are unsure whether to lock in or wait for better conditions. Another factor affecting the market could be the increasing cost of building supplies, expected to rise with tariffs.