California Housing Market

Home prices in California were up 2.0% year-over-year in September. At the same time, the number of homes sold rose 9.5% and the number of homes for sale rose 11.3%.

https://www.redfin.com/state/California/housing-market

Mortgage Rates Continue to Trend Down

October 30, 2025

Mortgage rates decreased for the fourth consecutive week. The last few months have brought lower rates and homebuyers are increasingly entering the market.

https://www.freddiemac.com/pmms

September Market

9/19 Mortgage rates have dipped to their lowest levels in nearly a year, creating new opportunities for buyers and sellers in California’s Central Valley. With 30-year fixed rates sliding closer to the mid-6% range, many local families who were previously priced out are beginning to re-enter the market. For sellers, the drop means more qualified buyers and quicker offers,.

We also see current homeowners are taking advantage of refinancing to lock in lower monthly payments. Although inventory in the Central Valley remains tight, the recent decline in rates is giving the housing market fresh momentum and easing affordability challenges across communities from Fresno to Bakersfield.