Barbara Corcoran, founder of the Corcoran Group, argues that a huge drop in mortgage rates would be ‘tremendous’ for the markets during an appearance on ‘Cavuto: Coast to Coast’.
High house prices and high interest rates have affected this housing market over the past few years, but there is considerable pent-up demand, and some areas are poised for serious growth next year.
Realtor.com released its annual forecast for Top housing markets in 2025 On Tuesday, predictions were made about which metro areas will likely be the hottest, based on sunny sales growth, ample inventory and relative affordability.
The top 10 are exclusively in the south and west.
1. Colorado Springs, Colorado
Colorado Springs is expected to be the hottest housing market in the country next year. (iStock)
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2. Miami-Fort Lauderdale-Pompano Beach, Florida
A cruise ship in Miami. (Vision 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 in 2025. (iStock)
4. El Paso, Texas
New economics report shows Americans need 6-figure salaries to buy a home in most cities
5. Richmond, Virginia
Richmond, Virginia. (iStock)
Dropping out of top 10 after Richmond Orlando-Kissimmee-Sanford, FloridaMcAllen-Edinburgh-Mission, Texas; Phoenix-Mesa-Chandler, Arizona; Atlanta-Sandy Springs-Alpharetta, Georgia; and Greensboro-High Point, North Carolina.
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At the bottom end of the list, Realtor.com’s 2025 forecast predicts Albuquerque, New MexicoThe housing market will be the worst among the 100 largest U.S. metros, followed by Providence-Warwick, Rhode Island; San Jose-Sunnyvale-Santa Clara, California; Birmingham-Hoover, Alabama; and Madison, Wisconsin.
