Iran Conflict Stalls Big Purchases Like Homes and Cars For 1 in 4 Americans, But Most are Undeterred
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
The Iran conflict has a smaller impact than tariffs or concerns about job security on purchase plans, per a new Redfin survey. The impact of October’s government shutdown was similar. SEATTLE--(BUSINESS WIRE)--One-quarter (25%) of Americans are delaying or canceling plans for a major purchase like a home or car because of the military conflict with Iran, according to a new survey fielded by Ipsos and commissioned by Redfin, the real estate brokerage powered by Rocket.Most Americans (56%) said the Iran war has no impact on their plans to make a major purchase.The U.S. is embroiled in a military conflict with Iran, which has driven oil prices up and caused volatility in financial markets. That could push mortgage rates up, which is one potential hindrance for would-be homebuyers. It may also impact the housing market by exacerbating economic uncertainty, which can make people more cautious about major financial commitments. But as of the first week of March, most Americans were undet
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