Anxiety is shaping the housing market
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 28 July 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
High home prices and high mortgage rates have been holding buyers — and the market — back for a long time now. Now, economic uncertainty is shaping people's house hunt. More would-be buyers have paused their home searches recently, and there’s been a nearly 50% increase in people listing then de-listing their homes. Also: how markets are responding to the U.S.-EU trade deal, and how Chile's ramped-up lithium processing might impact the environment.
Transcript
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| 0:00.0 | What's in the latest trade deal? |
| 0:04.3 | From Marketplace, I'm Sabri Beneshore in for David Brancaccio. |
| 0:07.4 | The U.S. and the EU have reached a trade deal. |
| 0:10.3 | The U.S. will impose a 15% tariff on EU goods. |
| 0:13.7 | That's down from the 30% that was threatened. |
| 0:16.5 | There are exceptions for aircraft and generic drugs, which would not be tariffed. |
| 0:20.2 | We've got Julia |
| 0:20.9 | Cornado with macro policy perspectives here to talk about that. And more, Julia. Markets reacted |
| 0:26.1 | positively to the trade deal. What is your take? Well, it is not as bad as was threatened, |
| 0:32.4 | but it is also a deal that does mean that Americans will be paying higher tariffs. The tariff is 15% on European imports. That's up from the current 10% that has been in place since April. So it's kind of a bad news, good news situation. It's not the peak that was threatened, but it's also rising prices and rising tariffs. |
| 0:55.1 | This week, we are getting a ton of economic data, inflation, GDP, employment. How revealing |
| 1:00.6 | are these going to be given all of the economic policy uncertainty we've had for the past |
| 1:06.1 | few months? Well, the data are expected to show some strain from the impact of these policies. The economy is |
| 1:14.6 | running at a slower pace than it was last year. Hiring is expected to continue slowing. |
| 1:21.4 | And inflation is expected to tick up based on the higher prices that consumers have to pay. |
| 1:27.3 | Macro policy perspectives, Julia Cardado, thank you so much. |
| 1:31.3 | Tomorrow, we get the latest snapshot of home prices in the U.S. from the Case Schiller Home |
| 1:36.3 | Price Index. A lot of people who would like to buy homes have felt stuck held back by high |
| 1:41.4 | prices and high mortgage rates. To that list of reasons, you can now |
| 1:45.7 | add economic uncertainty. That is according to a new report from Bright MLS. Marketplaces |
| 1:51.3 | Semmelth Fields has more. In the last month, three quarters of real estate agents have had a buyer |
| 1:56.6 | they were working with pause their home search. Lisa Sturdivant at Bright MLS says that's up |
... |
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