Housing Market Forecast: South to See Strong Growth in 2025

Four out of the 10 housing hot spots for 2025 are located in the South, according to the National Association of Realtors. While the NAR did not rank the hot spots, the metro comprising Greenville and Anderson, South Carolina stands out, according to the report. But while it's too soon to tell whether the housing market is going to favor buyers or sellers next year, some areas will offer more favorable market conditions than others, according to a report.

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, Lawrence Yun, NAR chief economist and senior vice president of research, said in a statement. Senate may soon vote on a bill to change certain Social Security rules. Here's what to know 2025 is expected to be a year of more opportunities for both homebuyers and sellers, said Nadia Evangelou, senior economist and director of research at the NAR. While the NAR did not rank the hot spots, the metro comprising Greenville and Anderson, South Carolina stands out, according to the report. Factors like a positive financing environment, strong migration gains, better affordability for first-time buyers, strong job creation and home price appreciation highlight the area, said Evangelou. About 42% of properties in the area are starter homes. While a lot of these areas have been growing in recent years, it's important to remember that we could potentially be walking into some pretty unprecedented times in If enacted, such ideas could have domino-effects into housing affordability. Immigrants make up about a third, or 32.5%, of construction tradesmen, Change in immigration policy could impact the sector's labor force. What's more, with a shortage of workers, wages might go up and be passed onto buyers through higher home prices, experts say.

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