This time of year, I’m often asked: Is now a good time to buy a home? The answer depends on your personal situation, but there are some key trends in the summer 2025 market that can help guide your decision.

📉 Mortgage Rates: Slight Relief for Buyers

After peaking in late 2024, mortgage rates have seen a slight dip in Q2 of 2025. While we’re not back to the ultra-low rates of the early 2020s, this summer marks a more favorable borrowing environment for well-qualified buyers.

Pro Tip: If you’re a first-time homebuyer in Oregon, Washington, or California, look into FHA and conventional 3% down options. These programs offer competitive rates and low entry barriers.

🏘️ Inventory Is Rebuilding — Slowly

Inventory across the West Coast remains tight, but we’re seeing a gradual increase in new listings, especially in mid-tier markets like:

This gives buyers a bit more room to negotiate compared to the ultra-competitive conditions of 2021–2022.

💸 Home Prices: Stabilizing in Key Markets

Prices have largely stabilized after a few years of volatility. In many areas, year-over-year growth has returned to the 3–5% range — a sign of a healthier, more predictable market.

If you’re planning to buy and hold your home for at least 5–7 years, this could be a great entry point.  As I like to say, “you can’t out-save appreciation!”

💬 Buyer Tip: Get Pre-Approved Before You Start Shopping

In today’s market, homes that are well-priced and move-in ready are still going quickly. Getting pre-approved not only strengthens your offer — it also helps you set a realistic budget based on current interest rates and loan programs.

• As a mortgage professional, I can help you:
• -Understand what you qualify for
• -Explore programs that are the right fit for “you.”
• -Tap into local down payment assistance programs

🌟 Final Thoughts: A Balanced Market Offers Opportunity

Summer 2025 isn’t a “buyer’s market” — but it’s also no longer a frenzy. If you’re financially ready and plan to stay in your home long-term, now can be a smart time to buy, especially with strategic financing.

📲 Ready to Talk Mortgage Strategy?

I’m here to help buyers across Oregon, Washington, and California navigate today’s home loan landscape. Reach out anytime for a free consultation — or explore more tips on my mortgage blog.

Mike Houghton

Mortgage Loan Officer & Manager | NMLS #291980

Guild Mortgage 📞 503-679-1848 |✉️ mhoughton@guildmortgage.net