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Thinking about buying a home right now?
You might want to wait.
Tariff uncertainty is driving up thecostof building materials, renovations and even appliances.
This significantly inflates the prices of building and renovation projects.
For a long time, importing such goods has been less expensive than buying local, Reiner said.
But that may not be the case for the foreseeable future.
With tariffs looming large and the uncertainty around them, that trend might change or be on hold.
He feels the outdated narrative of affordable housing fails to capture whats happening.
Even refinancing down the line might not make an overpriced mortgage worth your while.
Buyers may hesitate, concerned about rising material costs pushing home prices further out of reach.
This trickles down beyond just the purchase price of a home, he said.
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