Corcoran Group founder Barbara Corcoran argued during an appearance on “Kabuto: Coast to Coast” that a significant drop in mortgage rates would be “tremendous” for the market.
Although the housing market has been depressed over the past few years due to soaring home prices and rising interest rates, there is ample latent demand and some areas are expected to see serious growth next year.
Realtor.com on Tuesday released its annual forecast for major housing markets in 2025, revealing which metro areas will attract the most attention based on sunny sales growth, abundant inventory and relative affordability. We predicted whether there is a high probability of
The top 10 is exclusively in the South and West.
1. Colorado Springs, Colorado
Colorado Springs is expected to be the hottest housing market in the nation next year. (St. Petersburg)
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2. Miami, Florida – Fort Lauderdale – Pompano Beach
miami cruise ship (Visions of America/Joseph Sohm/UCG/Universal Images Group via Getty Images)
3. Virginia Beach – Norfolk – Newport News, Virginia – North Carolina
Virginia Beach, Virginia is expected to be one of the top five housing markets in the country by 2025. (St. Petersburg)
4. El Paso, Texas
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5. Richmond, Virginia
Rounding out the top 10 after Richmond are Orlando, Kissimmee and Sanford, Florida. McAllen Edinburg Mission, Texas. Phoenix Mesa Chandler, Arizona. Atlanta-Sandy Springs-Alpharetta, Georgia; and Greensboro-High Point, North Carolina.
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Realtor.com’s 2025 forecast predicts that Albuquerque, New Mexico, will have the worst housing market among the nation’s 100 largest metropolitan areas, followed by Providence-Warrick, Rhode Island. San Jose-Sunnyvale-Santa Clara, California. Birmingham Hoover, Alabama. and Madison, Wisconsin.
