California Housing Market for May 2025

May 2025 Housing Market Snapshot

The first rate cut may not be until September, which may help the housing trend. Current rates are lower than a few months ago, however.

Buyers should be aware that there are programs to help with down payment, first time buyers are probably the group to most benefit from these programs.  There continues to be a belief by some that a down payment must be 20%-- just no true.

FHA and VA loans are 3.5% or less, and even buyers in the upper price ranges well over $700,000 are using FHA loans.  Talk to your mortgage professional!
 

Graph Yearly decline Median Price

 For more information about starting to work with a REALTOR, please see information about down payment resources  and more on buyer/broker relationship.

 

 

 

 

 

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996