Is it a Good Time to Buy a Home? The Market is Changing!

For the past few years, the housing market has been tough for homebuyers. High prices and rising mortgage rates made it difficult for many people to find a home they could afford. But recent data suggests things are starting to get better. There are some positive signs that the market is beginning to shift, which is great news for anyone thinking about buying a house.

What’s Changing in the Market?

Several key indicators show the market is improving:

• Home prices are cooling down. While prices are still high in some areas, the rate at which they are growing is slowing down. This can provide some relief for potential buyers.

• More homes are for sale. The number of houses on the market is increasing, giving buyers more options to choose from and reducing the fierce competition we've seen.

• Mortgage rates are dropping. Mortgage rates have fallen to their lowest levels in a while, which can make a big difference in your monthly payment and overall affordability.

A specific neighborhood trend I’ve noticed

In Santa Clara and Cambrian, updated starter homes still attract strong demand, while condos and higher-HOA properties sit longer and often reduce prices.

My professional advice for buyers right now

Focus on the monthly payment, not just the rate, and negotiate seller credits to ease costs. Look for homes with light cosmetic updates for better value, and revisit listings after 3–4 weeks when sellers are more flexible.

What Does This Mean for You?

These changes mean that potential buyers who have been waiting on the sidelines might feel more confident about entering the market. More homes available and lower mortgage rates can make the dream of homeownership more achievable.

However, real estate experts still suggest being cautious. It's a big decision, and even with improving conditions, you should take your time to ensure the house and the timing are right for you.

Bottom line: It can be a good time to buy in the Bay Area if you’re strategic. The market is no longer “win at any price”—it’s win with structure: the right property, realistic pricing, and financing that fits your life. Buyers who lean into negotiation and focus on fundamentals (location, layout, light, and long-term livability) are finding excellent opportunities.

Where Can I Learn More?

For more detailed information and data, you can check out the original article that inspired this post on Investopedia.