Housing Market Hotness Index March 10, 2024
The housing market appears to be thawing from the winter freeze. The market hotness index for the week ending March 03, 2024, continues to trend up.
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Does February 2024’s Unemployment Report Suggest a Weakening Labor Market?
The unemployment rate increased to 3.9% in February 2024, while nonfarm payrolls showed that the US economy added 275,000 jobs.
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Housing Market Hotness Index March 3, 2024
The value of the Market Hotness Index* was 98.26 for the week ending March 3rd, 2024, compared to 96.27 in the previous week, indicating that housing market activity is improving.
The hottest county for the week ending March 03rd, 2024, is Santa Clara County, CA.
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Housing Market Hotness Index Feb 25, 2024
The value of the Market Hotness Index* was 96.27 for the week ending February 25th, 2024, compared to 94.89 in the previous week, suggesting an improving market as buyer activity is picking up.
The hottest county for the week ending February 25th, 2024, is Snohomish County, WA.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
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Understanding the lawsuit against NAR’s Commissions in Simple Terms
In 2023, a lawsuit argued that the NAR and two big brokerage firms were working together to keep these commissions high, making it more expensive for people to buy and sell houses. What does this mean for the housing market?
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Housing Market Hotness Index Feb 18, 2024
The value of the Market Hotness Index* was 94.89 for the week ending February 18th, 2024, compared to 93.56 in the previous week, suggesting a modest improvement in the market.
The hottest county for the week ending February 18th, 2024, is Snohomish County, WA.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
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Housing Market Hotness Index Feb 11, 2024
The value of the Market Hotness Index* was 93.56 for the week ending February 11th, 2024, compared to 93.79 in the previous week, suggesting no change in the market.
The hottest county for the week ending February 11th, 2024, is Snohomish County, WA.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
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January 2024 Inflation Rate of 3.1% Exceeds Predictions
The all items CPI increased 3.1% in January 2024 from a year ago. While this reading was higher than expected, it was lower than the inflation rate of 3.4% in the previous month.
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Housing Market Hotness Index Feb 4, 2024
The value of the index* was 92.67 for the week ending January 21st, 2024, suggesting a cooling market.
The hottest county for the week ending January 21st, 2024, is Snohomish County, WA.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
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Housing Market Hotness Index Jan 28, 2024
The value of the index* was 91.75 for the week ending January 28th, 2024, compared to 95.42 in the previous week, suggesting a further cool down in the market.
The hottest county for the week ending January 28th, 2024, is Kent County, MI.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
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