MARTHA WILLIAMS, US REAL ESTATE & CONSUMER REPORTER, dailymail.co.uk

If you're eyeing up a new couch or coffee table, now is the time to seal the deal. 

Wells Fargo is warning shoppers that household items — especially furniture — could become significantly more expensive in the new year as tariffs begin to bite. 

The bank says consumers should consider buying home goods sooner rather than later, before higher import duties take full effect in early 2026. 

Furniture prices, in particular, are expected to see 'noticeable' increases in the coming months. 

Stores 'have largely tried to either hold or modestly increase prices this holiday season, with many offering targeted promotions and even deeper discounts on select items,' according to Lauren Murphy, managing director of Wells Fargo Retail Finance. 

In early 2025, retailers 'strategically front-loaded inventory purchases' before they were hit by additional tariffs, Murphy explained to Fox Business. 

Murphy warned that the duties will likely make new shipments more expensive, and retailers may pass those higher costs on to consumers in 2026. 

'Tariffs have not yet been passed across in full, so it is reasonable to expect some price increases in 2026,' Neil Saunders, managing director at GlobalData, told The Daily Mail.