Here’s a quick update on Campbell’s housing market this month. Homes are selling at a steady pace, with fewer properties changing hands. The number of homes available and sold remains consistent with recent trends.
Fed members are split ahead of the October meeting, with some supporting a half-point cut while others back a slower approach.
Powell and other leaders warn that job market risks are rising as hiring cools and layoffs increase.
Inflation remains above target, but many policymakers stress the need to protect employment and stabilize growth.
Markets are betting on a larger October cut, expecting more easing before the end of the year.
Homebuyers in Santa Clara County face challenges due to rising mortgage rates and home prices, with the median single-family home price at $1.88 million and condos at $1.008 million. Affordability is now the top barrier, followed by expectations of mortgage rate drops and low inventory. Consulting a skilled realtor is crucial for navigating these market complexities and securing a home.
Here’s a quick update on the Sunnyvale housing market. Homes are selling at a steady pace, with more properties changing hands. The number of homes for sale remains consistent, and prices are holding firm.
Home price growth needs to stabilize while mortgage rates drop below six percent.
If incomes grow 3.9% annually and rates fall to 5.5%, normalization depends on price trends.
Market could normalize by November 2027 if home prices decline 2% yearly.
If home prices stay flat, the market may normalize by January 2029.
Rising home prices and high rates could delay housing normalization until 2032–2034.
Slide 1
Experts predict mortgage rates will hover around mid-6% through most of 2026.
Slide 2
Fannie Mae forecasts 6.5% by end-2025, easing to 6.1% by end-2026.
Slide 3
MBA and NAR project 6.7% by late 2025, gradually dipping to 6.0–6.5% in 2026.
Slide 4
NAHB sees 6.6% now, moving slowly down to 6.32% next year.
Slide 5
Deloitte and Goldman Sachs tie rates to Treasury yields, expecting 6.0–6.2% for 2026.
Home prices expected to grow modestly in 2026 after slower activity in 2025.
Tech employment trends continue influencing demand in Bay Area and Silicon Valley.
Inventory remains tight in Los Angeles and coastal metros, limiting sales volume.
Inland markets like Sacramento show more affordability-driven migration.