GREENSBORO, N.C. — You likely already know about the explosion of jobs taking place in the Triad.
Companies like Toyota and Boom Supersonic will add thousands of workers to the area. Hondajet will add hundreds more.
That's means a lot of people are coming to the Triad. They'll all need a place to stay.
A new report found Greensboro is ready. Realtor.com ranked the city as the 8th best real estate market for next year. WFMY News 2's Nixon Norman learned why.
The number of homes sold and bought here in Greensboro is expected to jump over 17% in 2025 according to Realtor.com.
Local realtors and experts said this is ultimately a good thing but may come with some growing pains.
"I know we're in the top 10, but we could easily be number one," President of Greensboro Regional Realtors Association, Marvett Artis said.
Greensboro Realtor, Kristle Williams and Artis said this growth is expected to take place because all of the jobs coming to the area.
"I think one of the main reasons why we're seeing so much projected growth is because a lot of the businesses that are coming and will be growing here," Williams said.
"We have Toyota, we have Boom, we have a lot of major corporations relocating here," Artis said.
Chief Economist with Realtor.com, Danielle Hall said the upcoming shift in government may also stimulate this growth in Greensboro and nationwide.
"You know, as we usher in a new administration, a new congress, I think there's gonna be a lot of focus on economic growth, and that's expected to power the housing market as well as we move into the new year," Hall said.
Williams also said that because interest rates have been so high in recent years, many people put buying a home on pause.
"A lot of people have kind of waited, so we are expecting that next year, a lot of the people that we're waiting, are going to jump off the bench, and start buying," Williams said.
But there are some growing pains that come with this, like a lack of available homes here, "we currently have low inventory, it is increasing but we do have low inventory," Artis said.
And the fact that prices could go up short term, "prices are expected to go up, which is probably better for sellers than it is for byers, but it does mean that those who are able to buy into the housing market can expect to see a solid return on their investment," Hall said.
According to Realtor.com, home sales across the nation are expected to spike the most come next June.