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The end of the year means preparing for the one ahead and the National Association of Realtors® is already predicting the hottest housing markets for 2025. The NAR released The Top 10 Housing Hot Spots for 2025 on Thursday and map markers skew mostly toward Appalachia, with cities in the Carolinas, Tennessee and Indiana topping the list. But markets to watch aren't the only predictions the organization is making. The NAR shared in a news release that mortgage rates will likely stabilize in the new year, hanging around 6%. At this rate, the NAR expects more buyers to come to the market, with a projection of 4.5 million existing homes listed in 2025. For comparison, in November, the average 30-year mortgage rate was 6.78%, per the association. More houses may be on the market next year, but they aren't getting any cheaper. The NAR predicts the median existing-house price to be around $410,700 in 2025.