As we head further into 2025, housing trends across the U.S. continue to evolve, influenced by affordability, job opportunities, and lifestyle preferences. Whether driven by rising costs, remote work flexibility, or retirement planning, migration patterns are shifting in ways that impact both homebuyers and sellers. Here’s what we’re seeing so far this year.
Retirees Seeking Lower Property Taxes
For many retirees, high property taxes are becoming a deal-breaker. Bigger cities have seen rising tax burdens, leading older homeowners to seek relief in states with more favorable tax structures. Locations such as Nevada, Arizona, and Tennessee—where property taxes are under 0.5%—have become particularly attractive (Source: New York Post).
Millennials Moving Beyond the City
Millennials, the largest generation in the housing market, continue their migration from urban centers to the suburbs and beyond. This shift, which started after the Great Recession, has accelerated in recent years. Some experts even predict that by 2025, suburban and exurban populations will surpass urban centers as affordability and space become bigger priorities (Source: Business Insider).
What This Means for Homebuyers and Sellers
Understanding these migration trends can help homebuyers and sellers make informed decisions. Buyers should consider long-term affordability and job opportunities in potential locations, while sellers in high-demand states may find favorable conditions for listing their homes. If you’re planning to buy or sell a home in 2025, staying ahead of these trends could make a significant difference in your real estate experience.
NMB is licensed in 47 states, so no matter where you go, we’re here to help! If you’re considering a move this year and want guidance on financing options, reach out to one of our trusted mortgage professionals who can help you navigate the process.
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