Most homebuying Americans are not discouraged by Iran conflict
In a recent survey from Redfin, 56% of respondents indicated the Iran war has no impact on their plans to make a major purchase. Economists say that this conflict has similar minimal repercussions on major purchasing activity as the federal government shutdown in October.
In their report, even in areas with a concentrated military conversation, concerns of the Iran conflict rarely comes up between agents and buyers. Despite concerns of rising oil prices and mortgage rates, more Americans are concerned about continuing headwinds of tariffs and the job market. In total only 7% are cancelling plans to make a major purchase (which includes both houses and cars), while 18% of respondents are delaying the decision.
“But as of the first week of March, most Americans were undeterred in plans to buy something costly like a home or car,” said Dana Anderson at Redfin.
