Ranking of Most Popular ZIP Codes in America by Opendoor

Opendoor's report ranks the most popular ZIP codes in America based on homes going into contract within 90 days of being listed for sale in 2024. Texas dominates the top 10 list, with Katy, Texas (ZIP code 77493) and Cypress, Texas (ZIP code 77433) being the top two. These areas offer job growth, affordable housing, and proximity to major cities like Houston.

Housing Market Predictions for 2025

Zillow predicts Buffalo to be the hottest housing market in 2025 with home prices forecasted to grow 3%. Other hot markets include Indianapolis, Providence, Hartford, and Philadelphia. Elevated mortgage rates are making it difficult for homebuyers in major American cities. Zillow also predicts falling home prices in cities like New Orleans, San Francisco, San Jose, and Austin.

California Senate Bill 'Dream For All'

California Senate committee advances bill to allow migrants and illegal immigrants to participate in a down-payment assistance program for first-time homebuyers, regardless of immigration status.

Adjustable-Rate Mortgages (ARMs)

Many homeowners who took out adjustable-rate mortgages (ARMs) in 2016 are facing significantly higher monthly payments this year as interest rates have increased. ARMs can offer temporary relief but come with the risk of rates adjusting periodically based on market conditions.

Zero-Percent Down Mortgage Program

United Wholesale Mortgage launches a zero-percent down mortgage program, allowing homebuyers to pay 97% of the home's value with a first mortgage and the remaining 3% in a second mortgage, with concerns raised about potential risks similar to the subprime mortgage crisis.

Florida Real Estate Market

Florida sellers are reducing property prices, making it a good time to buy a home in the Sunshine State as the market has slowed down, offering increased affordability for potential buyers.