After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

At Taylor's Market in Sacramento's Land Park neighborhood, they could be taking a direct hit from these tariffs because 50% of the food they sell is imported.

On Wednesday, which President Trump is calling 'Liberation Day,' he will announce new tariffs on imported goods. The import taxes will take effect immediately.