Housing affordability in the US is being shaped by some key factors this fall. As someone who’s helped clients navigate both brisk and challenging markets from Oahu to San Diego, I’m seeing how recent trends are creating both hurdles and openings for buyers and sellers alike. While there are early signs of housing disinflation—think sellers offering more concessions and some potential savings for motivated buyers—the largest challenge remains borrowing costs. Treasury yields are hovering near 5%, and the average 30-year mortgage rate has moved above the low-7% range. For the four weeks ending September 13, the median monthly mortgage payment climbed to approximately $2,600—a 3% rise over the previous year—showing just how much financing continues to impact affordability.
At the same time, the resale market is tight. Many homeowners are holding onto low-rate loans, which keeps inventory limited, while sellers are still aiming for pandemic-level prices in many transactions. Industry experts are describing the current environment as a correction toward stability, not a crash, thanks to strong homeowner equity and sound lending practices. In my experience, even in a complex market, there are meaningful opportunities for well-informed buyers and sellers. My focus is on helping clients make strategic decisions grounded in trust and long-term perspective.
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