A new report from Zillow suggests that despite signs of cooling in the last year’s intensely competitive housing market, some areas in the Northeast and Midwest will remain competitive this year.
While the overall housing market has seen a slowdown, certain regions are expected to continue attracting homebuyers and sellers. The report highlights the importance of local markets, with some areas showing resilience in the face of changing economic conditions.
For potential home shoppers in these regions, it’s essential to stay informed about local market trends and pricing. Understanding the competitive landscape can help buyers navigate the market and make informed decisions.
However, the report also warns that regional disparities will persist, with some areas facing challenges related to affordability, interest rates, and buyer demand. Homebuyers should be prepared for varying levels of competition in different regions.
Overall, the Zillow report provides valuable insights into the housing market, highlighting both opportunities and challenges for potential home shoppers. By staying informed about local trends and pricing, buyers can position themselves for success in a competitive market.
Source: https://edition.cnn.com/2025/01/07/business/video/2025-housing-market-zillow-egan-cnc-digvid