Corcoran Group founder Barbara Corcoran says throughout an look on “Cavuto: Coast to Coast” {that a} huge drop in mortgage charges can be “enormous” for the markets.
High house costs and excessive rates of interest have held again the housing market in recent times, however there’s plenty of pent-up demand and a few areas are set for robust progress subsequent 12 months.
Realtor.com has launched its annual forecast for major real estate markets in 2025 Tuesday, predicting which metro areas are prone to be the most well liked based mostly on sunny gross sales progress, ample stock and relative affordability.
The prime 10 are solely within the South and West.
1. Colorado Springs, Colorado
Colorado Springs is anticipated to be the most well liked actual property market within the nation subsequent 12 months. (iStock)
DO YOU WANT TO BUY A HOUSE IN 2025? THIS IS WHERE MORTGAGE RATES WILL COME
2. Miami-Fort Lauderdale-Pompano Beach, Florida
A cruise ship in Miami (Visions of America/Joseph Sohm/UCG/Universal Images Group by way of Getty Images)
3. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina
Virginia Beach, Virginia is anticipated to be among the many prime 5 actual property markets within the nation in 2025. (iStock)
4. El Paso, Texas
AMERICANS NEED 6-FIGURE SALARIES TO AFFORD A HOME IN MOST CITIES, NEW ECONOMY REPORT SHOWS
5. Richmond, Virginia
Rounding out the highest 10 after Richmond are Orlando-Kissimmee-Sanford, Florida; McAllen-Edinburgh-Mission, Texas; Phoenix-Mesa-Chandler, Arizona; Atlanta-Sandy Springs-Alpharetta, Georgia; and Greensboro-High Point, North Carolina.
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At the low finish of the record, Realtor.com’s 2025 predictions predict Albuquerque, New Mexicomay have the worst housing market amongst America’s 100 largest metropolitan areas, adopted by Providence-Warwick, Rhode Island; San Jose-Sunnyvale-Santa Clara, California; Birmingham-Hoover, Alabama; and Madison, Wisconsin.
