High home prices and elevated interest rates have put a damper on the housing market in the past few years, but there is plenty of pent-up demand, and some areas are poised for serious growth next year.
Realtor.com released its annual forecast for the top housing markets in 2025 on Tuesday, predicting 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
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2. Miami-Fort Lauderdale-Pompano Beach, Florida
3. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina
4. El Paso, Texas
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5. Richmond, Virginia
Rounding out the top 10 after Richmond are Orlando-Kissimmee-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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On the low …