Current:Home > MarketsRealtor group picks top 10 housing hot spots for 2025: Did your city make the list? -VitalWealth Strategies
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
View
Date:2025-04-12 09:39:34
The end of the year means preparing for the one ahead and the National Association of Realtors is already predicting the hottest housing markets for 2025.
The NAR released The Top 10 Housing Hot Spots for 2025 on Thursday and map markers skew mostly toward Appalachia, with cities in the Carolinas, Tennessee and Indiana topping the list.
But markets to watch aren't the only predictions the organization is making. The NAR shared in a news release that mortgage rates will likely stabilize in the new year, hanging around 6%. At this rate, the NAR expects more buyers to come to the market, with a projection of 4.5 million existing homes listed in 2025. For comparison, in November, the average 30-year mortgage rate was 6.78%, per the association.
More houses may be on the market next year, but they aren't getting any cheaper. The NAR predicts the median existing-house price to be around $410,700 in 2025.
Interested in learning more about what cities are on the rise? Take a look at which 10 made the list for the hottest housing spots for 2025.
Buy that dream house:See the best mortgage lenders
Top 10 housing hot spots for 2025
The following list is in alphabetical order:
- Boston-Cambridge-Newton, Massachusetts and New Hampshire
- Charlotte-Conrod-Gastonia, North Carolina and South Carolina
- Grand Rapids-Kentwood, Michigan
- Greenville-Anderson, South Carolina
- Hartford-East-Hartford-Middletown, Connecticut
- Indianapolis-Carmel-Anderson, Indiana
- Kansas City, Missouri and Kansas
- Knoxville, Tennessee
- Phoenix-Mesa-Chandler, Arizona
- San Antonio-New Braunfels, Texas
How were these hot spots chosen?
The NAR identified the top 10 housing hot spots by analyzing the following 10 economic, demographic and housing factors in comparison to national levels:
- Fewer locked-in homeowners
- Lower average mortgage rates
- Faster job growth
- More millennial renters who can afford to buy a home
- Higher net migration to population ratio
- More households reaching homebuying age in next five years
- More out-of-state movers
- More homeowners surpassing average length of tenure
- More starter homes
- Faster home price appreciation
What are the mortgage rates in the 10 hot spots?
Can't see the chart in your browser? Visit public.flourish.studio/visualisation/20780837/.
Greta Cross is a national trending reporter at USA TODAY. Follow her on X and Instagram @gretalcross. Story idea? Email her at gcross@gannett.com.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (616)
Related
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Rapper Tory Lanez set to be sentenced for shooting and injuring Megan Thee Stallion
- Iran opens registration for candidates in next year’s parliament election, the first since protests
- Bella Hadid shares vulnerable hospitalization pictures amid Lyme disease treatment
- Retirement planning: 3 crucial moves everyone should make before 2025
- 4-year-old run over by golf cart after dog accidentally rests on pedal
- First-time homebuyers need to earn more to afford a home except in these 3 metros
- Ozempic and Wegovy maker courts prominent Black leaders to get Medicare's favor
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Iran opens registration for candidates in next year’s parliament election, the first since protests
Ranking
- Trump wants to turn the clock on daylight saving time
- Ukraine replaces Soviet hammer and sickle with trident on towering Kyiv monument
- Lionel Messi, Inter Miami face FC Dallas in Leagues Cup Round of 16: How to stream
- Multiple passengers dead after charter bus crashes in Pennsylvania, police say
- The Best Stocking Stuffers Under $25
- Hollywood strikes taking a toll on California's economy
- Iran opens registration for candidates in next year’s parliament election, the first since protests
- He was on a hammock, camping in southeast Colorado. Then, authorities say, a bear bit him.
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
In Youngstown, a Downtown Tire Pyrolysis Plant Is Called ‘Recipe for Disaster’
Russian warship appears damaged after Ukrainian drone attack on Black Sea port of Novorossiysk
Sales-tax holidays are popular, but how effective are they?
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
Austria's leader wants to make paying with cash a constitutional right
2 people charged in connection with Morgan Bauer's 2016 disappearance in Georgia
Ryan Gosling Surprises Barbie Director Greta Gerwig With a Fantastic Birthday Gift