Current:Home > NewsFastexy:Realtor group picks top 10 housing hot spots for 2025: Did your city make the list? -RiskRadar
Fastexy:Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
PredictIQ View
Date:2025-04-06 21:44:34
The Fastexyend 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 [email protected].
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! (6)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Atlanta water woes extend into fourth day as city finally cuts off gushing leak
- Arizona police officer dies in shooting at party: 2 arrested, Gila River tribe bans dances
- Kilauea, Hawaii’s second-largest volcano, is erupting again
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Out of a mob movie: Juror in COVID fraud case dismissed after getting bag of $120,000 cash
- MLB player Tucupita Marcano faces possible lifetime ban for alleged baseball bets, AP source says
- More presidential candidates could be on North Carolina ballot with signature drives
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- 'The Bachelorette' contestants: Meet the cast of men looking to charm Jenn Tran
Ranking
- Bodycam footage shows high
- Angel Reese okay with 'bad guy' role in WNBA after Chicago Sky-Indiana Fever game
- Wisconsin school bus crash sends 2 children to hospital
- Sally Buzbee, executive editor of The Washington Post, steps down in 'abrupt shake-up'
- Where will Elmo go? HBO moves away from 'Sesame Street'
- PacifiCorp will pay $178M to Oregon wildfire victims in latest settlement over deadly 2020 blazes
- Georgia's controversial, Russia-like foreign agent bill becomes law after weeks of protests
- Company that bred beagles for research pleads guilty to neglect, ordered to pay record $35M fine
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Georgia's controversial, Russia-like foreign agent bill becomes law after weeks of protests
Suni Lee 'on the right track' for Olympics after fourth-place finish at nationals
Mexico appears on verge of getting its first female president
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Does Miley Cyrus Want Kids? She Says...
Messi joins Argentina for Copa América: His stats show he's ready for another title run
6 people shot outside St. Louis bar. 3 of them are critically injured