Posted on 01/07/2025 12:12:58 PM PST by ChicagoConservative27
(NEXSTAR) — While the national housing supply recently reached a four-year high, buying a home in some U.S. cities may be especially difficult in 2025, a new Zillow report suggests.
To make its predictions, Zillow reviewed multiple factors — including how quickly homes have been selling, and its own forecast for home value growth — in the 50 most populated cities nationwide.
Overall, Zillow’s analysis determined cities primarily on the East Coast could have the hottest housing markets of 2025.
For the second year in a row, Buffalo, New York, held the top spot on Zillow’s list. The company pointed to the city’s relative affordability and job market as the driving factors behind Buffalo’s competitive real estate status.
“Construction that keeps pace with an area’s growth remains a crucial piece of keeping homes available and accessible. In chilly Buffalo, competition among buyers will remain hot, with employment growing far faster than builders are adding homes,” said Skylar Olsen, Zillow’s chief economist.
(Excerpt) Read more at thehill.com ...
Must be the sauce.
Uh oh!
Other major metros that dropped down in the rankings were Orlando and Tampa, Florida; Atlanta, Georgia; Las Vegas, Nevada; and Los Angeles, California.
Some people are into 20 feet of snow a year and crime.
It is because so many people are leaving and they left their houses to be sold on the market. Buffalo is dead center on for Lake effect snow storms that dump many feet of snow in the winter. The ones buying are new to the area and do not know what they are getting to until it is too late. Then they will soon list the house for sale again. Kinda makes a buyers market doesn’t it.
Oh boy
Cities primarily in the south, from Florida to Texas, are considered buyer’s markets.
OK.
Curious,
where I live, rural Hawaii
housing is so expensive nobody wants to buy or build here
unless you are independently wealthy.
Its because nobody has actually bought there since the 60’s so everyone has a lot of “equity” /sarc
I went to College in Rochester ... cannot imagine anyone moving there by choice, and I was there in the heyday of Xerox and Kodak. First year I was there the first snow fell on Sept 30. There was continuous snow on the ground until April.
Awesome! Central Florida sucks! No one should go there.
A few companies have been setting up server farms and blockchain servers in Buffalo.
The inordinate increase in the value of some properties is likely skewing the data.
Rural Hawaii....
Interesting. I’ve never actually thought about the possibility of moving to Hawaii. How did you end up there?
It’s kinda of interesting that there is an “interstate” highway system in Hawaii, it appears.
What is generally the most desirable Island and which side of the island are desirable? Not much ‘mountain’ living available from old Zillow I observe.
I grew up near White Plains after I was born and we moved around upstate, Ithaca, Utica and Syracuse. I remember trick or treating in snowstorms many years. About 30 years after I moved to California I went to an interview at Corning in Corning, NY in April. They had a snowstorm when I was there on the interview and that clinched it! No way was I moving back to NYS. Right now it’s 60 degrees and sunny on the San Fran Peninsula.
The last time I visited the Syracuse area 20 years ago it looked so terribly run down and old.
Atlanta still has low inventory and a gazillion people moving here. Our neighborhood is selling very well in the mid $300’s
Upstate NY is an afterthought when it comes to NYS politics as ALL the votes are in the 5 Burroughs.
We sold our house in 2021 and a year later, the Zillow estimate had gone up $100k.
I have lived in and around Rochester my entire life.
The non-urban areas are gorgeous and you get to experience all four seasons.
The winters have been a lot milder the last ten years.
The taxes are horrific, and the crime in the cities is out of control.
But I really do love it here.
I remember my very first exposure to politics very well. I was about 12 years old and listening to my Dad and his golf buddies complain about getting bled dry by NYS taxes and how all the tax money flowed to the five burroughs. That was in 1963!
Yes, same for me North of Albany. If it weren't for socialist governors and a leftist Assembly and Senate, it would be the Empire state.
Hurricane damage in the Tampa Bay area is depressed that market...
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