Housing affordability is on everyone’s mind, and the latest trends highlight just how much the landscape is shifting. We’re seeing a bit of housing disinflation: sellers are starting to offer more concessions, which can mean real savings for those determined to achieve homeownership. But the biggest challenge remains borrowing costs—benchmark Treasury yields are hovering near 5%, and average 30-year mortgage rates have edged above the low 7% range. In the four weeks ending September 13, the median monthly mortgage payment climbed to about $2,600, up roughly 3% from last year, which really shows how financing is continuing to stretch buyers’ budgets.
Inventory remains tight, especially here in our La Crescenta neighborhoods, as many homeowners with low-rate loans are choosing to hold onto their properties, keeping listings scarce. At the same time, sellers are often still aiming for those pandemic-era price points. What we’re experiencing isn’t a crash, but more of a correction—a move toward stability, as industry experts note. With strong homeowner equity and sound lending practices, there are still meaningful opportunities out there, whether you’re buying or selling. My approach is always about guiding you through these market shifts with the personalized attention you deserve.
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