Buying a Home in 2025: How Tariffs and Labor Shortages Could Impact the Market

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• 00:03

  Starter homes are great for a lot of people, but as we're in our late 20s,

• 00:07

  we figured maybe just jump into a home that we could be in for a long time.

• 00:12

  And tell me how this search has gone the past few months.

• 00:15

  How are you feeling?

• 00:16

  Defeated, to say the least.

• 00:18

  That's Madison Stefano, and she's been looking for her first home for about four months.

• 00:22

  If you aren't owning a home, usually that means you're renting, and we figured,

• 00:26

  hey, before we renew our lease, we're going to get a house.

• 00:28

  And it didn't work out that way,

• 00:29

  so we're currently month to month paying a lot more than we had budgeted for rent, which is difficult.

• 00:35

  Madison and her husband typically view between two to five homes per week in Connecticut.

• 00:40

  And they've started to forego things that they originally wanted, like a good school district.

• 00:45

  Going month to month on our lease speeds things up, because unfortunately,

• 00:49

  now that we're paying more in rent, we have less to put away for buying a home.

• 00:53

  I think if we don't have anything in the next two to three months,

• 00:56

  we would really have to consider potentially going back to a year lease and trying it another time.

• 01:02

  They, like many buyers, have weighed their options in the housing market.

• 01:06

  Ideally, they don't want to wait, but they might have to.

• 01:13

  Here's your money briefing for Sunday, April 13th.

• 01:16

  I'm Mariana Aspudu for The Wall Street Journal, and this is the third and final episode of our series,

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