President Donald Trump’s trade war has turned perceptions of the U.S. economy upside down, and data is beginning to trickle in on how tariffs might impact consumer behavior in the housing market.
The latest numbers come from Fannie Mae‘s Home Purchase Sentiment Index, which measures consumer attitudes on housing using six questions from a national survey. The survey was conducted from April 1-18.
Weekly pending home sales disappointed in the last week of April, with 10% fewer than the same week in 2024.
To be specific, single-family home sales came in 8% fewer than the same week last year, and condo sales came in 19% fewer. Nationally, weekly pending home sales saw only a small rebound after the Easter holiday from two weeks ago.
Florida’s housing markets were as hot as any after the COVID-19 pandemic began, but now they’re among the coldest.
Stubbornly high mortgage rates, rapidly rising inventory and macroeconomic headwinds are impacting housing markets all over the country, but Florida is notable for both how far it’s fallen and how much it’s slumping.