St. Louis has been named the top luxury housing market for the third consecutive quarter, followed by Detroit, driven by low housing supply that elevates competition. Canton, OH ranks highest in the overall housing market, with a notable rise from Trenton, NJ. The Federal Reserve maintains a steady policy rate, amidst slow economic growth and softened consumer confidence. Mortgage rates remain below 7%, affecting home sales negatively, while new-home sales show modest growth, showing a bifurcation in the market amidst varying demand and supply dynamics.
The Winter 2025 Wall Street Journal/Realtor.com Housing Market Ranking highlights St. Louis and Detroit as leading luxury housing markets, driven by low supply and elevated competition.
Despite a slower growth rate in the U.S. economy, consumer activity pushed up while investment struggled, suggesting mixed signals in the housing market's health.
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