06/05/2026
In today’s market update I cover the latest housing data shaping current conditions, including California’s affordability report and what it signals about where the market is headed.
In California, affordability remains tight, but the market is showing clear signs of stabilization. Prices have leveled off after years of volatility as buyers and sellers adjust to a more balanced environment. Rates also continue to hold below 7 percent, helping sustain buyer activity. At the same time, inventory is gradually rising, giving buyers more options and easing some of the intense competition seen in recent years.
The latest jobs report still points to a resilient labor market, which continues to support housing demand. We are also seeing more temporary buydown funds coming into play, helping improve affordability for buyers in today’s rate environment.
The key takeaway is simple. When you focus on the data, rates, inventory, affordability, and employment, you get a clearer picture than what headlines often suggest. Watch this video for the full update!
