Canadian business owner Kevin O'Leary believes the effects of tariffs on recent inflation data could hurt the already stalled U.S. housing market.

In an op-ed for the Daily Mail on Sunday, the Shark Tank investor warned that last week's "crushing" inflation readings could reduce the likelihood of the Federal Reserve cutting interest rates this year, keeping mortgage rates at elevated levels.

"In fact, I'm betting there won't be a rate cut at all in 2025," he wrote. "And that will keep the U.S. housing market in its current state of stagnation."

Why It Matters

Growing inventory and falling prices have weighed on the U.S. housing market this year. Mortgage rates—and by extension interest rates—have been cited as a key factor behind softer selling activity, deepening existing afford

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