Despite the ongoing U.S. housing crisis, some real estate markets are projected to thrive in 2025. The National Association of Realtors (NAR) has identified 10 hot spots based on factors like affordable inventory, potential for lower mortgage rates, and income growth for young adults. The report suggests that areas with fewer homeowners locked into low mortgage rates are likely to see increased property listings, providing more opportunities for buyers. NAR predicts mortgage rates will stabilize around 6% in 2025, potentially attracting millions of buyers back to the market.
Although 2024 is winding down, the U.S. housing crisis lives on. But even as steep home prices and elevated mortgage rates sideline many would-be homebuyers, some real estate markets around the country continue to attract buyers.The National Association of Realtors this month released a list of 10 local housing market s it expects to be hot spots in 2025, outperforming the rest of the country in sales.
Charlotte-Concord-Gastonia, North Carolina-South CarolinaIn addition to 10% job growth over the last five years, Charlotte has a significant share of affordable housing, with 43% of homes priced below $324,000 — a huge draw for first-time buyers and young families. The average interest rate in the area is 6.85%, slightly below the national average of 6.89% for a 30-year fixed mortgage.
Housing Market Mortgage Rates Home Prices NAR 2025 Predictions
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