( NewsNation ) — Between high prices , limited inventory and elevated mortgage rates , it’s been a tough year for the U.S. housing market but some cities are poised for a better 2025, according to a new report.
The National Association of Realtors (NAR) identified 10 metro areas as “housing hot spots” for 2025 based on factors like job growth, migration trends and other key variables.
Multiple midwestern metros including Grand Rapids, Michigan, Indianapolis, Indiana and Kansas City, Missouri made the list. Southern markets like Charlotte, North Carolina, Greenville, South Carolina and Knoxville, Tennessee also cracked the top ten.
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Those areas offer a “favorable financing environment,” meaning they have a lower share of “locked-in” homeowners or lower mortgage rates, the report said…