From Yahoo Finance: 2025-04-07 19:30:00

Residential real estate stocks fell Monday due to President Trump’s commitment to tariffs. Compass, Anywhere Real Estate, Douglas Elliman, Re/Max, Redfin, and Zillow all dropped. Rocket Companies was the only one to resist last week but fell 5% today. The real estate sector underperformed the market, with the S&P 500 down .2%. Trump’s tariffs impacting the supply side, with developers reconsidering plans due to increased costs. Miller Samuel CEO notes the potential for fewer homes on the market, affecting residential brokerages. JP Morgan Chase raised recession odds to 60%, impacting demand. Mortgage rates dipped initially but Chair Powell focused on inflation risks. Uncertainty is dampening real estate activity, as buyers and sellers pause. Stephens analyst remains bullish, expecting rate relief to spur transactions. Cohn emphasizes the unpredictability of the market.

Read more: Resi stocks continue to tumble as recession fears loom