from the National Association of Realtors , they’re among America’s top 10 housing market hot spots to keep an eye on in 2025.
That said, NAR predicts that mortgage rates — which, for several years, languished at high levels to combat inflation — will stabilize near 6% in 2025, “likely establishing a new normal.” The trade association also anticipates that home prices will continue their rise in 2025, though at a slower pace than previous years. Increases, the study says, will likely be around 2%, making for a median existing-home price of $410,700.-Newton, Massachusetts-New Hampshire. The Boston area alone is known to be more expensive — with the whole swath boasting an average home price of nearly $700,000, according to Zillow.
Next comes Charlotte-Concord-Gastonia, North Carolina-South Carolina. Over the past five years, and especially since COVID-19, the Carolinas saw a 10% growth in jobs — as well as a number of residents from across the nation heading to the area not only for employment opportunities, but also for better weather. Charlotte alone has a stock of affordable residences, with a reported 43% of them priced below $324,000.