The article discusses the evolving dynamics of the housing market as buyers show increased optimism for 2025 compared to previous years. While home prices have remained stable and mortgage rates, though still high, are down from prior peaks, consumers exhibit a growing desire to move. Notably, 39% of prospective buyers cite affordability as the primary reason for relocating. There’s been a notable uptick in both local and interstate moves, with some regions like the Midwest and Sun Belt experiencing accelerated population growth even amid economic challenges.
As potential buyers become more cautious, 39% of prospective homebuyers prioritize affordability in their decision to relocate, reflecting a broader trend in housing market behaviors.
Despite recent stagnation in existing-home sales, new-home sales are gaining momentum, indicating a shift in buyer preferences amidst rising costs and elevated mortgage rates.
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