Zillow and Fannie Mae both acknowledged the possibility of a dip in mortgage rates that could influence busier periods of homebuyer activity.

Manchester has been named the most popular housing market in the country. Zillow released its 2024 list of the top 10 hottest cities, ranking the Queen City at number one. The real estate company reported growing interest among shoppers, with a more than 7% jump in home values in the past year.

The Northeast's "exurbs," or smaller cities beyond the suburbs but in commuting distance of major cities, dominated the top 10 housing markets this year.

Why it matters: Many people will remain locked out of homeownership. Here's what experts and industry pros predict is in store next year for mortgage rates, new builds, moves, and more. Rates will remain above 6% U.

Following two years of low availability in the housing market, 2025 expects to see some major shifts in availability and dynamics.