America’s Hottest Housing Markets

Ranked: The World’s Best-Selling Cars From 2024 and 12 more real estate insights

Vidit Saxena
March 17, 2025

Latest Rates

Loan Type	Rate	Daily Change	Wkly Change	Monthly Change	Yrly Change	52-Wk Low/High
30 Yr. Fixed	6.81%	+0.03%	+0.02%	-0.15%	-0.21%	6.11/7.52
15 Yr. Fixed	6.25%	+0.02%	+0.05%	-0.16%	-0.30%	5.54/6.91
30 Yr. FHA	6.28%	+0.06%	+0.11%	-0.05%	-0.22%	5.65/7.00
30 Yr. Jumbo	7.01%	+0.01%	+0.02%	-0.31%	-0.32%	6.37/7.68
7/6 SOFR ARM	6.47%	+0.02%	+0.12%	-0.38%	-0.22%	5.95/7.55
30 Yr. VA	6.30%	+0.06%	+0.10%	-0.05%	-0.22%	5.66/7.03

Macro Trends

The states most impacted by tariffs on Canada and Mexico link

Michigan, Texas, and New Mexico have the highest trade exposure to Canada and Mexico as a share of state GDP. The trade war has increased economic vulnerability in these states.
Other highly impacted states include North Dakota, Montana, Illinois, Kentucky, Indiana, Louisiana, and Ohio. Trade with Canada and Mexico is a significant portion of their economic activity.
Data is based on 2024 figures from the International Trade Administration and BEA. The ongoing trade war could lead to economic disruption in these key states.

Real Estate Trends

America’s Hottest Housing Markets

Hartford, CT, ranked as the hottest market in February with a median list price of $434,000, up 6.6% year-over-year. Homes sold in an average of 38 days — nearly twice as fast as the national average.
Philadelphia saw the biggest improvement, jumping 77 spots year-over-year, while New York City and Kansas City improved by 48 and 45 spots respectively. Strong demand and low inventory are driving up prices in these markets.
In Paramus, NJ, a five-bedroom home sold for $125,000 over asking after attracting 27 offers in six days. Buyers are paying premiums to secure homes in good locations with high-quality schools and amenities.
click on the link to see the rest of the list.

Large Markets with Apartment Rents Below $1,400 link

Of the nation’s 50 largest markets, 11 had average asking rents below $1,400 in January, with 6 in the Midwest and 5 in the South. San Antonio had the lowest rent at $1,181 — over $600 below the national average of $1,818.
Memphis was the only other market with rents under $1,200 at $1,195, but both Memphis and San Antonio had the lowest occupancy rates at 92.1%. Greensboro/Winston-Salem followed at $1,235, with Houston and Fort Worth also under $1,400.
Midwest markets clustered around $1,300, with Indianapolis at $1,296 and Kansas City at $1,351. In contrast, New York had the highest monthly asking rent at $4,500.

Interest in second homes and rentals continues to rise among the wealthy link

Interest in secondary and vacation homes among ultra-high-net-worth individuals (assets over $5M) rose to 43%, an 8-point increase from September. Interest in rental properties among this group stayed flat at 36%.
47% of investors believe the economy will improve in the next 12 months, nearly double the 24% from September, due to optimism about Trump’s tax and regulation policies. Over 60% expect these policies to boost the economy in the next six months.
Confidence is highest in energy, tech, crypto, finance, and defense, with more than 70% of respondents feeling positive about these sectors in 2025. Interest in other passion assets, like jewelry and art, declined, except for wine and collectible cars.

Storage market set to recover in 2025 link

Self-storage values have dropped about 20% since 2021, with rents falling around 10% nationally last year. High-supply markets like Orlando, Dallas, Philadelphia, and Atlanta saw rent declines of up to 15%.
Coastal markets like Portland, San Francisco, Seattle, Washington, D.C., and Orange County held up better, ranking in nine of the top 10 markets for stable rents. Density and space constraints have helped keep rents steady.
Institutional demand remains strong, with CubeSmart’s $160M acquisition of an 85% stake in a 14-property portfolio in Dallas-Fort Worth signaling confidence in the sector. Some office assets in Manhattan are being converted to self-storage, reflecting market adaptability.

D.C. remains the most popular city for renters link

Washington, D.C. held the top spot for renter interest in January with a 7% increase in favorited listings. Strong healthcare and economic opportunities continue to drive demand.
St. Paul, Minnesota saw a 114% jump in favorited properties and a 103% increase in saved searches compared to last January. Its high quality of life and strong job market are attracting renters from Minneapolis, Chicago, and Dallas.
Cincinnati rose 10 spots since November due to a 27% increase in favorited properties and a low cost of living. Renters from Columbus, Atlanta, and New York are showing growing interest in the city.

Just for the kicks

America’s 15 ‘Super Billionaires’ Own More Than $2 Billion Worth of Property—but Whose Portfolio Comes Out on Top? link

Elon Musk sold almost all of his real estate in 2020, including a $30 million mansion in Hillsborough, CA, and Gene Wilder's former LA home. He now lives in a $50K rental in Brownsville, TX, near his SpaceX facility.
Jeff Bezos owns over $500 million worth of property, including a $90 million mansion on Indian Creek Island, FL, and a $165 million Warner Estate in Beverly Hills, CA. His relocation to Florida in 2024 is expected to save him at least $610 million in taxes.
Larry Ellison bought 98% of Lanai, HI, for $300 million and owns properties in Malibu, North Palm Beach, and Newport. His North Palm Beach estate, purchased for $80 million in 2021, was listed for $145 million a year later but didn’t sell.

Location Specific

Florida condos in jeopardy of having insurance yanked under proposed law if buildings don’t meet requirements link

About 90% of Florida's 1.6 million condo units are over 30 years old and required to pass a reserve study under new safety laws. So far, only 44% of condo buildings in Miami-Dade and 41% in Broward have completed the requirement.
The proposed bill (HB 913) would stop Citizens Property Insurance from covering non-compliant condos, which could leave thousands of retirees and low-income residents without insurance. Condo owners who keep coverage may face higher premiums.
Over 18,400 condo buildings are insured by Citizens, with more than half in Miami-Dade, Broward, and Palm Beach. Private insurers are unlikely to step in if Citizens pulls out, increasing the risk of unaffordable special assessments.

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Pro Member Only Content Below

Most of the insights below stem from extra research and include content from paid sources and special reports.

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