I
f you're concerned about the US housing market's high mortgage rates and low availability, a recent forecast from Realtor.com offers some encouraging news for 2025. The website predicts that mortgage rates will drop and housing supply will increase, with a surge in development along the Sun Belt in the South and West. This region is expected to dominate the top 10 housing markets next year.

    According to Realtor.com's forecast, existing home sales are projected to rise by 15% in 2025, while median sale prices will grow by 4.2%. The Midwest may not be as hot a market, but cities like Naperville and Elgin are still expected to see significant growth, with sales up 12.4% and median prices increasing by 4.5%.

    Other Midwestern cities, such as Columbus and Elyria, also show promise, with projected sales increases of 8.2% and 9.4%, respectively, and median price hikes of 7.3% and 5%. While the housing market may not be booming everywhere, these forecasts suggest that some areas will see significant growth in 2025.