{"id":6294,"date":"2025-01-29T09:40:25","date_gmt":"2025-01-29T14:40:25","guid":{"rendered":"https:\/\/www.deeds.com\/articles\/?p=6294"},"modified":"2025-01-29T09:40:29","modified_gmt":"2025-01-29T14:40:29","slug":"one-month-in-hows-2025-looking-for-housing","status":"publish","type":"post","link":"https:\/\/www.deeds.com\/articles\/one-month-in-hows-2025-looking-for-housing\/","title":{"rendered":"One Month In, How\u2019s 2025 Looking for Housing?"},"content":{"rendered":"\n
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So many people need answers. What states are attracting the most home seekers at this time? What states are now the best bets for people who hope to save for a mortgage? Is it even worthwhile, now, to try to get positioned to buy a home?<\/p>\n\n\n\n

Let\u2019s see where buyers are looking, where saving for a down payment is possible, and whether it even makes sense to try.<\/p>\n\n\n\n\n\n\n\n

Trend Shift: More People Are Moving to South Carolina Than Texas<\/h2>\n\n\n\n

People are now moving into South Carolina more than anywhere else. That means South Carolina has jumped ahead of Texas as the country\u2019s top destination state for home seekers.<\/p>\n\n\n\n

So, Texas is now #2. North Carolina is now the third most sought-after state for home seekers. And Florida now comes in fourth.<\/p>\n\n\n\n

So, where are people coming from? New Yorkers make up the biggest group of households relocating to South Carolina \u2014 a total of 5,476 in 2024.<\/p>\n\n\n\n

In general, over the past five years in a row, people have been leaving California the most. After that, people left Massachusetts most. And New Jersey had the third biggest exodus last year.<\/p>\n\n\n\n

In This Market, Does It Really Make Sense to Chase the Dream of Homeownership?<\/h2>\n\n\n\n
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Hopeful buyers might look at the staggering cost of homes and think the market must be headed for a downfall. But if you\u2019re anticipating housing to crash \u2014 or even to dip \u2014 think again.<\/p>\n\n\n\n

Five years ago, the median home sale brought $296K. It\u2019s up 44% since then, with the median home price now having reached $427K. Some popular types of homes<\/a> doubled<\/em> in value in just the past five years.<\/p>\n\n\n\n

At this point, the number of available homes is expanding, and that\u2019s helping to keep prices in check. But more inventory certainly isn\u2019t equating to lower<\/em> prices.<\/p>\n\n\n\n

Home prices are currently up 6.3% year-over-year. In 2025, housing prices can be expected to continue their upward climb. The price of the median home could rise 3% according to many forecasts.<\/p>\n\n\n\n

It all goes back to one constant. In the long run, the worth of home properties goes up. When in doubt, zoom out and you\u2019ll see a continuous pattern, despite short-term dips, spikes, and distractions. Trying to time the market is difficult and may be futile. If you\u2019re fortunate enough to find the right home at a fair price, it\u2019s the right time.<\/p>\n\n\n\n

Demand is strong, and one in every four homes for sale fetches more than its listed price. While you don\u2019t want to rush in and overpay for a home, you\u2019ll need to be careful that trying to negotiate doesn\u2019t cause you to lose out on a good home.  <\/p>\n\n\n\n

So, Where Are the Easiest Markets to Save Up for the Deed to a Home?<\/h2>\n\n\n\n

Different states have different levels of challenges for the home seeker.<\/p>\n\n\n\n

CNBC.com <\/em>cites a report by the investment company RealtyHop. The company sets out to rank the financial \u201cbarrier to homeownership\u201d for the median home for sale in cities across the country. Say a household can set aside 20% of its annual gross income. How many years would it take for that household to amass funds for a 20% down on that home?<\/p>\n\n\n\n

Here goes:<\/p>\n\n\n\n