Current:Home > MyRealtor group picks top 10 housing hot spots for 2025: Did your city make the list? -Aspire Money Growth
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
View
Date:2025-04-13 05:05:32
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! (9)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Trump-era rule change allowing the logging of old-growth forests violates laws, judge says
- Nebraska volleyball filled a football stadium. These Big Ten programs should try it next
- Bruce Springsteen makes a triumphant New Jersey homecoming with rare song, bare chest
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Horseshoe Beach hell: Idalia's wrath leaves tiny Florida town's homes, history in ruins
- USA TODAY Sports staff makes college football picks: Check out the predictions for 2023
- Oprah Winfrey and Dwayne Johnson launch People's Fund of Maui to aid wildfire victims
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Minnesota Vikings' T.J. Hockenson resets tight end market with massive contract extension
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Residents return to find homes gone, towns devastated in path of Idalia
- Hawaii cultural figures lead statewide 'healing' vigil following deadly wildfires
- Trump enters not guilty plea in Fulton County, won't appear for arraignment
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Nick Carter of Backstreet Boys facing civil lawsuits in Vegas alleging sexual assault decades ago
- Horseshoe Beach hell: Idalia's wrath leaves tiny Florida town's homes, history in ruins
- Canada issues US travel advisory warning LGBTQ+ community about laws thay may affect them
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Justice Department moves to close gun show loophole
Weeks after the fire, the response in Maui shifts from a sprint to a marathon
Jimmy Kimmel 'was very intent on retiring,' but this changed his mind
Intel's stock did something it hasn't done since 2022
From 'Super Mario Bros.' to 'The Flash,' here are 15 movies you need to stream right now
Biden to travel to Florida on Saturday to visit areas hit by Hurricane Idalia
Powerball jackpot grows to $386 million after no winner Monday. See winning numbers for Aug. 30.