57 - The Housing Market Is About To Get VERY Expensive

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A recent survey of 1,200 real estate professionals by REsimpli reveals growing concerns about labor shortages and rising material costs in the housing market. Increasing building material prices are a major worry, with 60% of respondents expecting significant or moderate cost hikes, partly driven by proposed import tariffs. Skilled labor shortages are another pressing issue, as 46% of surveyed agents fear a reduced workforce due to potential policy changes that could limit access to immigrant labor, a key component of the construction industry. While some respondents believe labor availability may improve as workers relocate from different regions, rising costs and workforce challenges pose significant obstacles to housing affordability and market stability.

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PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.