ShareThe Arizona Republic/AZ Central
A forecast calls for metro Phoenix to be one of 10 housing hot spots in 2025.
This comes on the heels of a lackluster year and a half for home sales and prices in the Valley.
The National Association of REALTORS® looked at economic, demographic and housing factors to pick 10 metro areas it says will have the hottest housing markets next year.
"Important factors common among the top performing markets in 2025 include available inventory at affordable price points, a better chance of unlocking low mortgage rates, higher income growth for young adults and net migration," said NAR Chief Economist Lawrence Yun.
NAR is forecasting mortgage rates will stabilize near 6% next year.
The REALTOR® group is also predicting home prices and building will increase in 2025. "Home buyers will have more success next year," said Yun.
"The worst of the affordability challenges are over as more inventory, stable mortgage rates and continued job and income growth pave the way for more Americans to achieve homeownership."