May 9, 2025
Between rate hikes, rising prices, and limited inventory, a lot of buyers and sellers hit pause last year—and maybe you were one of them. But if you’re wondering whether now is the time to jump back in, good news: expert forecasts are showing some real reasons to feel optimistic.
Let’s break it down so you can feel more confident about your next move.
No, we’re not going back to 3% rates—but we are expected to see some slight relief.
According to top housing experts, a small drop in mortgage rates could happen before the end of the year. While it may not feel like a game-changer, even a modest decrease can help lower your monthly payment and give your budget some breathing room.
Just remember: the economy, inflation, and job market will all play a role. Rates will still be a bit bumpy, so don’t wait around trying to “time it perfectly.”
After years of low housing supply, we’re finally seeing more homes hit the market. Many would-be sellers are realizing that waiting hasn’t helped, and life moves on—regardless of interest rates.
That trend is expected to continue through 2025, giving buyers more options and creating a more balanced market.
Yes, prices are still rising—but not as fast as they were.
Experts forecast around 2% home price growth for the year. Combine that with lower rates and rising inventory, and you’re looking at better affordability compared to the last few spring markets.
Remember, every market is different. Some areas in San Luis Obispo County may cool off more than others. That’s why working with a local agent matters more than ever.
Is the housing market shifting? Yes. But in a good way.
More homes, slower price growth, and slightly lower mortgage rates are all signs that this year could offer more balance—and more opportunity. If you’re planning to buy or sell in SLO County, now’s the time to start the conversation.
Amber Johnson | May 9, 2025
Amber Johnson | May 9, 2025
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You’ve got questions and we can’t wait to answer them.