Eyecrave Production | Electronic+ | Getty Images
buy a house not easy or cheapespecially in today’s market.
But while it’s too early to tell whether next year’s housing market will be favorable for buyers or sellers, some areas will offer more favorable market conditions than others, according to one analyst. new Report from the National Association of Realtors.
NAR identifies 10 top metros area It is listed as a “housing hotspot” in 2025 based on various economic, demographic and housing factors.
More from Personal Finance:
Economy faces ‘some potential storms’ in 2025
What to do if you have “unverifiable income”
What the rise of homeowners associations means for buyers
“Important factors shared by the best-performing markets in 2025 include affordable available inventory, better opportunities to unlock low mortgage rates, higher income growth among young people, and net migration to specific markets,” said NAR Chief Economist Lawrence Yun. metropolitan areas.
Top 10 “Housing Hotspots”
“2025 is expected to be a year of greater opportunity for both home buyers and sellers,” said Nadia Evangelou, senior economist and director of research at NAR.
Four of the NAR’s 10 “hot spots” are in the South—although not the same as the South Other listingsno one in Florida. Three other hotspots are in the Midwest.
Here is the complete list of NARs:
- Boston-Cambridge-Newton, Massachusetts-New Hampshire
- Charlotte-Concord-Gastonia, North Carolina-South Carolina
- Grand Rapids-Kentwood, MI
- 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)
While NAR did not rank hot spots, metro areas including Greenville and Anderson, South Carolina, stood out, the report said.
Evangelou said factors such as positive financing conditions, strong immigration growth, improving affordability for first home buyers, strong job creation and house price appreciation highlighted the region. About 42% of properties in the area are new homes.
‘Unprecedented times’
While “many of these areas have grown in recent years,” it’s important to remember that “we may be entering some unprecedented times.” 2025 said Jacob Channel, senior economist at LendingTree.
President-elect Trump has been outspoken about issues such as mass deportations and Imposition of tariffs on all imported productsand ending regulation of Fannie Mae and Freddie Mac, he said.
If implemented, these ideas could have a domino effect on housing affordability. Immigrants account for about one-third, or 32.5%, of construction businessmen, according to National Association of Home Builders’ analysis of 2023 Census data.
Changes in immigration policy may impact the industry’s workforce. What’s more, experts say, wages are likely to rise due to a shortage of workers and be passed on to buyers through rising home prices.
