The National Association of Realtors (NAR) has released its annual report identifying the top 10 housing market hot spots for 2025. The list is based on economic, demographic, and housing market factors.
According to Lawrence Yun, NAR Chief Economist, key factors contributing to these markets include affordable inventory, low mortgage rates, income growth, and net migration. These areas demonstrate strong financing environments with lower homeowner turnover or more attractive mortgage rates.
The top 10 markets in alphabetical order are Boston-Cambridge-Newton, Massachusetts-New Hampshire; Charlotte-Concord-Gastonia, North Carolina-South Carolina; Grand Rapids-Kentwood, Michigan; Greenville-Anderson, South Carolina; Hartford-East-Hartford-Middletown, Connecticut; Indianapolis-Carmel-Anderson, Indiana; Kansas City, Missouri-Kansas; Knoxville, Tennessee; Phoenix-Mesa-Chandler, Arizona; and San Antonio-New Braunfels, Texas.
NAR predicts a more stable housing market in 2025, with mortgage rates stabilizing by nearly 6% and home prices increasing modestly. The association forecasts an estimated 4.5 million existing home sales in 2025 and a median existing home price of $410,700.
Source: https://finance.yahoo.com/news/nar-predicts-hottest-housing-markets-130018784.html