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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