VIDEO BLOG
Hey everyone, Michael LaFido here! Today, I want to dive into a topic that's been making waves lately—tariffs and their impact on the real estate market. Everywhere you turn, it's tariffs this, tariffs that, and it's causing major fluctuations in the stock market. But how does this translate to luxury real estate? This is a question I've been getting a lot from fellow real estate agents, so let's address it.
First off, a key takeaway is not to panic. Historically, real estate has been a solid investment. Over the last 75 years, home prices in the U.S. have shown an average annual appreciation of 4.72%, with only seven years where prices actually decreased. This makes real estate a strong and safe bet in the long term. As an expert in your local market, it's your job to communicate this to potential buyers and sellers. Keep that 4.72% figure handy and reassure those around you—even when you're just out and about at the gym or your kids' ball games.
To help you articulate this more effectively, I've shared a graph you can use in your presentations, emails, or social media. Screenshots are your friend here. I'm also expecting mortgage interest rates to potentially come down, but only time will really tell.
Lastly, I'm about to head to Miami for a LUXE Designation training session—an event I'll be leading at the Miami Association headquarters on May 6th. If you’re looking to elevate your status as a real estate expert, there’s still time to join. Just check out luxurydesignation.com for more details.
Stay confident, be the voice of calm and reason amid the tariff frenzy, and continue making real estate your safe investment talk. Until next time, take care and don’t hit that panic button!
