Tariffs MAY impact the price of goods, that has still yet to be realized outside of a few areas.  Prices for flips and new construction are facing the same economic and social issues that they were six months ago or more.  Prices are still pretty stable, many price drops but they are small.  When they do go, they end up going within 99% of list.  The average price for my county is still trending upwards.

Tariffs are like the flu where it visits, runs a course & leaves one for the better by boosting the immunity centers. Let us remind each other: Real Estate runs in cycles & then repeats, each cycle has its own dynamics. This one is on the tail end of a cycle. Rates are going to come down, triggering it. Demand for homes will never cease only cycle. On prime property (location & pricing), it will always be worth more a year down the line

Rates and tariffs affect consumer confidence, which affects our market. 
Prices and market momentum vary here from neighborhood to neighborhood. No way to make a blanket statement about San Diego.

The market slowed here before the tariffs were implemented, experienced agents knoiw that real estate is cyclical. Am unable to predict future markets or home prices.

No, I don't think they have much effect at all.

Everything is affected by everything else in the big picture, but I suspect it will have less impact than the covid market that is winding down now. 

My area being just across River from CA EVERYONE wanted to put cash money into overpricing our market . . . 

REGARDLESS what happens, markets are cyclical, period. 

Cyrstal Ball questions ... home prices in the markets I serve are holding steady - shelf life is lasting a little longer. 

Tariffs, or the threat, of tariffs are causing concern that is much broader than the housing market. The cost of new construction may go up due to the cost of materials. Economic uncertainty causes some buyers to wait for stability...whenever that is coming...just like high interest rates cause some buyers to wait for rates to go down...whenever that is coming.

Meanwhile, price still rise in many areas.

Considering the fact that major national builders make their purchases well in advance of actual construction, and there are only about 4 million new homes built each year, on average, it's extremely unlikely tariffs - which are fading fast - will have any impact on the cost of new housing.

As for resales, which make up the bulk of residential sales, there's also no reason to believe tariffs will impact their values, since they're declining in many markets.

I believe there's been far too much baseless hysteria about tariffs which only cause fear in those who don't understand economics. A look at recent stock market activity is prima facia evidence of that fact.

No effects from Tariffs

Yes, it's already affecting those thinking about buying land and building. Builder and material prices have gone up, and might continue to rise. Potential buyers here are getting builder quotes in the 275.00 - 300.00 per square foot range for a standard built home. Add that to land cost, well $ septic or public water and sewer taps in the $40,000.00 - $60,000.00 range and it stopping many from proceeding. A man I know working at Home Depot told me they are going through the store and raising prices every day on many of the products due to tariffs.

     There is always always a market and your experience, knowledge and ability to get results Philip A. Raices will sustain you in your unique local real estate market. 

     Prices are affected by supply, local economic conditions and each market behaves differently like your zip code weather. Not putting on a swarmy hat or windexing my crystal ball to make broad brush predictions. 

     Cater to the largest market niche(s) possible and pour marketing gas on whichever segment is worth your time and money.

Clearly someone wants to crash the world, we will see if he is successful.

Either way people will need to find a place to live.  Some will live in nice homes, others may congregate in Hoovervilles.

No.

N/A

I do not Philip A. Raices BUT the Feds suborn stand to hold interest rates high is darn near treason in my opinion.