The Corcoran Group founder Barbara Corcoran believes that a significant mortgage rate drop would be highly beneficial for the markets. She made this statement on the show “Cavuto: Coast to Coast.” The housing market has been affected by high prices and elevated interest rates over the past few years. However, there is a lot of pent-up demand, and some areas are poised for significant growth next year.
Realtor.com has released its annual forecast for the top housing markets in 2025. The top 10 markets are all located in the South and West and are expected to experience significant growth. The top market is Colorado Springs, Colorado, followed by Miami-Fort Lauderdale-Pompano Beach, Florida, and Virginia Beach-Norfolk-Newport News, Virginia-North Carolina. Other top markets include El Paso, Texas, and Richmond, Virginia.
Rounding out the top 10 are Orlando-Kissimmee-Sanford, Florida; McAllen-Edinburg-Mission, Texas; Phoenix-Mesa-Chandler, Arizona; Atlanta-Sandy Springs-Alpharetta, Georgia; and Greensboro-High Point, North Carolina.
On the low end of the list, Realtor.com’s forecast predicts that Albuquerque, New Mexico, will have the worst housing market out of America’s largest 100 metros, followed by Providence-Warwick, Rhode Island; San Jose-Sunnyvale-Santa Clara, California; Birmingham-Hoover, Alabama; and Madison, Wisconsin.