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And now, while rates are finally decreasing, some markets are overheating going into 2025.
In other words, in these locations, there is higher demand than inventory,driving up prices.
A tech-driven economy promises this market still higher property valuations andcontinued bidding warsfor some time, Mendenhall said.
Boise, Idaho
According to Mendenhall, dont be misled by Boises size.
Mendenhall added that if out-of-state migration remains strong, expect Boises housing market to stay hot well into 2025.
Phoenix
Phoenix is facing a hot real estate market as well for several reasons.
Bend, Oregon
Another city that is on its way to becoming overheated is Bend.
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