The NAR recently announced their 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. In addition, they say these markets were identified as the top performers for 2025 due to their strengths across several indicators as well as outperforming the national average in at least six of NAR’s 10 criteria.
Key points:
- The South leads with four of the 10 housing hot spots, followed by the Midwest with three.
- The NAR predicts that mortgage rates will stabilize near 6% in 2025.
- The NAR projects 4.5 million existing home sales and a $410,700 median existing-home price in 2025.
“Important factors common among the top performing markets in 2025 include available inventory at affordable price points, a better chance of unlocking low mortgage rates, higher income growth for young adults and net migration into specific metro areas.” Said Lawrence Yun, the NAR’s Chief Economist.
The NAR’s top 10 hot markets will be:
- 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
- San Antonio-New Braunfels, Texas
Click here to read the full report at the National Association of Realtors.
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Written by: Brad Beckett