September '25 Market Update

What’s Happening in the Bay Area Real Estate Market

💰 Median Monthly Payments Remain High

The typical homeowner is paying about $2,235/month for principal and interest. High interest rates and steady home prices are keeping costs elevated.

📉 Are Rate Cuts on the Horizon?

Fed Chair Jerome Powell hinted at rate cuts coming soon. Lower rates would ease payments and could boost the housing market. Buyers who purchase now may benefit twice: securing a home before prices rise and refinancing later at lower rates.

📊 Mortgage Rates Already Trending Down

Mortgage rates recently dipped to about 6.35% after being higher in July and August. This drop reflects optimism that the Fed will begin cutting rates, with more decreases likely ahead.

🏡 Inventory Levels and Market Impact

Housing inventory is still elevated compared to last year. But if rates keep falling, more buyers may step in, reducing supply and potentially driving prices upward again.

LOCAL LOWDOWN

SILICON VALLEY

NORTH BAY & EAST BAY