Reena Agrawal

Research Economist

Line chart image showing Housing Market Hotness Index Jun 01, 2025

Housing Market Hotness Index Jun 01, 2025

The U.S. housing market showed signs of cooling for the week ending June 1, 2025, as the Housing Market Hotness Index dipped to 96.23. Rising inventory and elevated mortgage rates are prompting more buyers to delay purchases, contributing to longer time on market. While select counties in Michigan, New York, and Rhode Island remain competitive, markets in Florida and Texas continue to lag.

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Image shows an aerial view of homes

VeroFORECAST Q1 2025

The Q1 2025 VeroFORECAST projects a modest 2.4% national home price appreciation, a slight decrease from the previous quarter, influenced by sustained high mortgage rates and inflation. While a national slowdown is anticipated, significant regional variations persist, with the Northeast and Midwest showing strength and the Sunbelt facing headwinds due to increased inventory and affordability issues

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