Why Tariffs on Building Materials Could Spell Trouble for Connecticut Homebuyers and Sellers

The Connecticut real estate market is facing a major challenge, and most buyers and sellers aren’t ready for it.

📈 Proposed 25% tariffs on Canadian & Mexican building materials

🏗 Home construction costs have surged 30% since 2021

🚨 Housing shortage is worsening, pushing prices higher

How will this affect buying or selling a home in Connecticut? Let’s break it down.

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🔹 The Market Right Now—What Most Buyers & Sellers Don’t Realize

The Connecticut housing market is already competitive, but these proposed tariffs could make it even tougher.

1. Housing Shortage is Worsening

The National Association of Home Builders (NAHB) has warned of a severe housing shortage and affordability crisis. If construction slows due to higher costs, home prices will climb even further.

2. Rising Material Costs Could Drive Prices Up

Since January 2021, building material costs have already increased by 30%. A 25% tariff would push costs even higher, making homes less affordable for buyers.

3. Fewer New Homes, More Buyer Competition

With Canada and Mexico supplying nearly 25% of U.S. building materials, a tariff means fewer new homes, rising demand, and fiercer bidding wars.

📞 Want expert insights on what this means for YOU? Text/Call 203-665-8071.

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🔹 How to Sell Fast Without Slashing Your Price

If you’re selling a home in Connecticut, you need to adapt quickly. Here’s how:

✅ Price Strategically – With rising costs, pricing just below market value can attract buyers and lead to bidding wars.

✅ Highlight Home Features – If your home has recent upgrades, energy-efficient features, or a renovated kitchen, showcase it!

✅ Be Ready to Negotiate – Buyers may hesitate due to rising costs—be flexible in negotiations.

📞 Selling soon? Let’s position your home for success. Text/Call 203-665-8071.

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🔹 One Pricing Strategy That Can Earn You More

🏡 How can you make the most of this market?

📊 Use Local Market Data to Justify Your Price

• Buyers will be more hesitant to overpay, so sellers must back up their pricing with market trends and comparable sales.

• Work with an expert to show how rising construction costs are increasing home values—this strengthens your negotiating position.

📞 Need a customized pricing strategy? Let’s talk! 203-665-8071.

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🔹 The Biggest Mistakes Buyers Make & How to Avoid Them

If you’re buying a home in Connecticut, don’t make these common mistakes:

🚫 Ignoring Rising Costs – Home prices could keep climbing due to tariffs. Buy now before prices spike further.

🚫 Overextending Your Budget – Be cautious in bidding wars—set a budget and stick to it.

🚫 Rushing the Decision – Take your time, but don’t wait too long or you might pay more later.

🚫 Not Working with a Real Estate Expert – A great agent can help you find deals before prices jump.

📞 Want help finding the right home at the right price? Text/Call 203-665-8071.

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🔹 Should You Wait or Buy/Sell Now? Here’s What the Data Says

💡 Thinking about waiting? You could regret it.

📊 Tariffs could drive prices up significantly – Waiting may cost you thousands.

📈 The housing shortage is growing – Fewer homes will mean fiercer competition.

🔑 Buyers are still actively searching – If you’re selling, position your home correctly NOW to attract offers.

📞 Not sure what to do next? Let’s talk! Text/Call 203-665-8071.