UK North West Leads 29% House Price Growth by 2029

In the United States, foreclosure rates are rising notably in states like Nevada and Florida, driven by economic challenges such as the struggling tourism industry and stagnant wages, though Nevada's real estate market shows some resilience with increased sales and stable inventory. Nationally, home prices are expected to decline modestly over the next two years, but certain local markets with strong labor forces and population growth, such as Atlantic City and Kingston, NY, are predicted to experience price appreciation. In the UK, house prices are undergoing a significant regional shift, with northern England, particularly the North West, leading growth expected to reach nearly 30% by 2029, while London trails with the slowest growth rate around 17%. Cities like Sheffield, Leeds, and Manchester are benefiting from renewed urban demand, driven by hybrid work stabilization and younger buyers seeking cultural and career opportunities, resulting in notable price increases and investment potential outside the capital. These trends suggest a changing landscape in housing markets on both sides of the Atlantic, influenced by economic factors, demographic shifts, and evolving buyer preferences.