Overview

• The National Association of Realtors (NAR) identified 10 U.S. cities as the top housing markets for 2025, including Grand Rapids-Kentwood, Michigan, the only Michigan city on the list.
• The selected cities were chosen based on factors such as job growth, affordable inventory, millennial homebuying potential, and net migration trends.
• Mortgage rates are projected to stabilize around 6% in 2025, encouraging more homebuyers to enter the market, with an estimated 4.5 million homes expected to be sold.
• Despite increasing inventory from new construction and more listings, the median home price is predicted to rise to $410,700 in 2025, a 2% increase from 2024.
• Southern and Midwestern cities dominated the list, with notable entries like Charlotte, Knoxville, and Indianapolis, reflecting regional economic growth and housing demand.