Is Now a Good Time to Buy a House in 2025?
Let’s get this out of the way: there’s no perfect time to buy a house. There’s just the right time for you. That said, it helps to understand the 2025 housing market—especially if you’re in Southwest Louisiana—before you make any big decisions.
So... is now a good time to buy?
Let’s break it down.
Interest Rates: High, but Holding Steady
Mortgage rates have finally stabilized a bit. As of mid-2025, the average 30-year fixed rate is hovering in the mid-6% range.
It’s not the 3% fairytale from a few years ago, but it’s also not the 8% panic from last fall. The Fed has slowed rate hikes, inflation is easing, and many experts believe we’ll see modest rate improvements in the next 6–12 months.
Bottom line: you can buy now and refinance later when rates drop.
Home Prices: Slowing Down, Not Crashing
Nationwide, home prices are still rising—but much slower than in the pandemic boom. The days of 20% year-over-year increases are gone. We're seeing more balanced growth, with some markets even softening a bit.
In Southwest Louisiana, the story is different. Home prices in markets like Lake Charles have dipped slightly or stayed flat. It’s not a collapse, but it is a window of opportunity for buyers.
Inventory: Finally Opening Up
Housing inventory is on the rise in many areas. That means more options, less competition, and fewer bidding wars.
In Southwest Louisiana, we’re seeing a more buyer-friendly market than in recent years. Homes are sitting a bit longer, sellers are more open to negotiations, and buyers are regaining some leverage.
Rent Isn’t Getting Cheaper
While buyers are hesitant, landlords aren’t. Rents continue to climb in many areas, with no signs of slowing down. That means waiting to buy might mean overpaying on rent and missing out on building equity.
Final Thought
If you’re financially stable, have a decent credit score, and plan to stay put for a few years, now could be a smart time to buy.
Rates are stable. Prices are holding. Inventory is growing. And if the perfect moment doesn’t show up soon, you might watch it pass by in someone else’s moving truck.
Let’s run the numbers together and see if buying now actually makes sense for you. No pressure. Just the facts.
Download My Free Guide
If you’re serious about homeownership and want to avoid the common pitfalls, I’ve got something for you. Download "The Ultimate Homebuyer’s Guide"—a free resource packed with insights, checklists, and mortgage strategies to help you move forward with confidence.
Still have questions? Reach out—I’d love to help you navigate your mortgage options the right way.