President Trump’s new tariffs—10% on all imports and 125% on Chinese goods—are shaking up the economy. While headlines focus on market volatility, these changes could present unique opportunities for homeowners, buyers, and those involved in senior living in Metro Detroit.
Key Takeaways for Homeowners, Buyers, and Senior Living Professionals
- Rising Construction Costs Could Elevate Existing Home Values
Tariffs on materials like steel and aluminium are increasing construction costs. This slowdown in new builds may make existing homes more valuable due to the limited supply.
- Mortgage Rates May Fluctuate
Economic uncertainty has led to a dip in Treasury yields, which influence mortgage rates. While rates may remain volatile, there could be windows of opportunity for favourable financing.
- Increased Demand for Move-In Ready Homes
With new construction slowing, buyers are seeking homes that are ready to occupy. Well-maintained properties in desirable neighbourhoods are especially attractive.
- Senior Living Communities Face Development Challenges
Tariffs are increasing the cost of building materials, impacting the development of new senior living facilities. This could lead to higher costs for residents and strain existing communities. Senior Housing News
Tips for Navigating the Market
For Sellers: Highlight recent upgrades and maintenance to appeal to buyers looking for move-in-ready homes.
For Buyers: Stay informed about mortgage rate trends and be prepared to act when favourable rates arise.
For Senior Living Professionals: Explore alternative housing models and consider retrofitting existing structures to meet the growing demand. McKnight’s Senior Living
Ready to Make Your Move?
Whether you’re considering selling, buying, or investing, understanding how these tariffs affect the local market is crucial. Contact me today for a personalised consultation and let’s explore your options together.
Book Your Free Consultation
Cody Nowicki, SRES®
Senior Real Estate Specialist
📞 810-689-8332
📧 cody@stephangrouprealestate.com
Stephan Group Real Estate Team