
Idaho, Utah Among States Most Likely to ‘Feel The Pain’ of Tariffs
It has only been a week since Donald Trump's self-declared 'Liberation Day' and we're already tired of the word that nobody can stop saying: 'tariffs'.
Whether you like it or not--whether you follow politics or not--it seems that 'tariffs' are on everyone's mind and we're about to find out what exactly they'll mean for us.
Will groceries or other everyday items get more expensive? Are we going to be feeling even more pain in our bank accounts than we already have? Experts are saying that if you're in the market for a house--YES--you're going to be noticing a difference.
Take a look at which States are going to be feeling these tariffs the most--especially in the housing market!
States Most Impacted by Trump Tariffs
Gallery Credit: Mateo, 103.5 KISS FM
Idaho and housing market woes--are there two things that go hand in hand more?
The alleged 'why' behind it all really focuses on those looking to buy NEW homes--a recent study shows that the price per new home may JUMP over $9,000 just because of the cost of materials going up--from tariffs.
Joel Berner, a senior economist for 'Realtor.com' said in a feature about these tariffs:
The cost associated with tariffs on building materials gets passed along to new-home buyers, which works against the progress builders have made in these states to grow housing inventory and make homeownership more attainable
Looking to buy new? Suddenly--it sounds like even more of a pain than it already was in Idaho.
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Gallery Credit: Ryan Antoinette Valenzuela
The Top States Where It Takes Longest To Buy A House
Gallery Credit: Chris Cardenas