Does Trump new taxes affects the Real Estate?

[Rodrigo Serzedello]

Hey everyone!

With the recent tariffs imposed on steel and aluminum imports, I’m curious about how this might impact our local housing market here in San Diego (but also nationwide). As we know, these materials are essential in construction, and increased costs could have significant effects.

For instance, reports suggest that these tariffs could add approximately $6,400 to the cost of building an average home . This increase might lead to higher home prices and potentially slow down new construction projects.

On the flip side, some analysts believe that the economic uncertainty from the tariffs could lead to lower mortgage rates, which might offset some of the increased costs . (see the link) https://www.marketwatch.com/story/what-trumps-reciprocal-tar...

What do you all think? Could these tariffs significantly impact our local real estate market? Are we likely to see a slowdown in new developments, or will other factors balance things out?

Looking forward to hearing your thoughts!