Concerns over job security and home values are prevalent as the trade war continues, exacerbated by higher prices and job cuts. However, some states are less exposed to these impacts based on their economies' reliance on international trade. An analysis by the National Association of Realtors indicates that states with diverse, service-based economies are faring better, often experiencing job growth and stable housing demand. Economists suggest that the economic situation could lead to a recession if not managed carefully, particularly in trade-reliant states.
As the trade war escalates, the risk of recession grows due to rising prices and potential layoffs affecting consumer confidence and home values.
States more insulated from tariffs show diversified economies that have led to job creation, attracting residents and supporting housing demand.
Trade-reliant states face significant risks with GDP heavily linked to exports, while less trade-dependent states have job growth in sectors like services.
Nadia Evangelou emphasizes that less trade-dependent states tend to have stronger housing markets due to stable job growth and diversified economies.
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