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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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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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 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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Job Openings and Labor Turnover Summary – December 2023
Job openings were at 9.0 million at the end of Dec 2023, representing a decrease from the peak of 12.0 million observed in March 2022.
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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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Modern Technology for Eco-Friendly Living
Home buyers are seeking homes that could potentially reduce their carbon footprints according to a study by the National Association of Realtors. According to this study, 32% of respondents (NAR members) use green data fields in their MLS to promote energy-efficient features.
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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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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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