The Housing Market Hotness Index dipped to 96.27 for the week ending July 13, 2025, down from 97.32 the prior week. The U.S. housing market remains in a paused state, largely due to elevated mortgage rates hovering near 7%. These high rates are not only deterring buyers but also contributing to a slowdown in both home building and home price growth. In response, sellers are pulling their listings from the market as they struggle to find buyers. Recent inflation and unemployment figures for June 2025 make it highly unlikely the Federal Reserve will cut rates at its upcoming meeting at the end of July.
This week’s hottest markets—Monroe County (NY), Erie County (NY), and Kent County (MI)—remained consistent with the previous week. These areas, known for their relative affordability, continue to attract buyers. Conversely, several Florida markets, including Miami-Dade County, Broward County, and Palm Beach County, continued to show the weakest activity.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
