Reena Agrawal

The U.S. housing market continues to cool due to high-interest rates and elevated home prices.

The U.S. housing market continues to cool due to high-interest rates and elevated home prices.

The U.S. housing market continues to cool due to high-interest rates and elevated home prices.

The U.S. housing market continues to cool due to high-interest rates and elevated home prices.

The housing market cooled further in the week ending October 13th due to seasonal factors and hurricane impacts.

The housing market is holding steady as market participants wait for a further decline in mortgage rates.

The housing market hotness index continued its decline in September 2024 to reach 96.96; in 2023 it had reached this level only in November. This suggests a broader market slowdown, as prospective buyers become more hesitant to enter the market.

The housing market is cooling down as we enter fall, with the Market Hotness Index dropping to 97.58. This slowdown might not be just seasonal but could reflect a broader market cooling. Monroe County, New York, continues to be the hottest housing region in the United States.

The U.S. housing market is experiencing a seasonal slowdown as the Market Hotness Index dips below 100.00 for the first time since mid-March. Uncertainty surrounding rates, unemployment, and the election is deterring buyers and sellers.