More Homes, But Higher Rates: Is Now Still a Good Time to Buy in California?

New listings are at a four-year high while mortgage rates hover near yearly peaks — creating a unique market dynamic for California buyers and investors.

The housing market is sending mixed signals right now, and I want to help you make sense of them.

On one hand, new listings across the country have surged to their highest level in four years. That's genuinely good news for buyers who've been frustrated by limited inventory. More homes on the market means more choices, less frantic bidding, and a bit more breathing room in negotiations.

On the other hand, mortgage rates are hovering near yearly highs, and that's keeping affordability tight — particularly here in California where prices remain elevated even after recent corrections.

So what's the smart move? For serious buyers and investors, this kind of market actually presents opportunity. When fewer competing buyers are active due to rate concerns, you have more leverage. Sellers are increasingly willing to negotiate on price, cover closing costs, or accept contingencies they would have laughed at two years ago.

For investors eyeing rental properties, it's also worth noting that apartment rent growth has slowed significantly, which may influence your cash flow projections — but long-term demand for California housing remains strong.

The bottom line: a higher-rate environment doesn't mean you shouldn't buy — it means you need a smarter loan strategy. Let's talk. Reach out to us today to review your financing options and see what you qualify for.