Housing Market Hotness Index

The U.S. Housing Market Hotness Index inched up to 92.29 for the week ending September 14, 2025, from 91.18 the week before, showing only a slight pickup in activity. Mortgage rates have fallen to their lowest level in nearly a year, yet elevated home prices and a weakening labor market continue to weigh on buyer demand.

The U.S. Housing Market Hotness Index dropped to 91.18 for the week ending September 7, 2025. Mortgage rates have eased to an 11-month low of 6.35%, yet elevated home prices and a weakening labor market continue to restrain buyer demand.

The U.S. Housing Market Hotness Index fell to 92.68 for the week ending August 31, 2025, the fourth consecutive week of cooling. Mortgage rates remain too high to spur demand or unlock rate-locked sellers, while economic concerns and job security fears are prompting many to wait on the sidelines.

The U.S. Housing Market Hotness Index held steady at 93.24 for the week ending August 24, 2025, marking the third straight week of stagnation. Elevated home prices and mortgage rates above 6.5% continue to suppress demand, even as inventory climbs.

The U.S. Housing Market Hotness Index fell to 93.97 for the week ending August 10, 2025, signaling continued buyer hesitation despite inventory reaching a five-year high. While affordability remains strained by high prices and mortgage rates, the outlook now hinges on interest rate movements and whether income growth can keep pace with housing costs.

The U.S. Housing Market Hotness Index edged up to 95.02 for the week ending August 3, 2025, as mortgage rates dipped to a three-month low of 6.62%, sparking optimism about potential Fed rate cuts later this year. While lower rates could boost buyer activity, any cuts would likely be driven by a weakening labor market, which could dampen confidence.

The U.S. Housing Market Hotness Index recently dropped into the “cool zone” at 93.97, reflecting a stalled national market due to elevated mortgage rates, slowly rising home prices, and economic uncertainty. However, this national trend doesn’t capture the full picture, because regional markets are showing diverging trends.

The U.S. Housing Market Hotness Index continues its downward trend, hitting 95.80 for the week ending July 20, 2025. This persistent slump is driven by high interest rates, elevated prices, growing inventory, and reduced sales, as buyers grapple with unaffordable monthly payments and economic uncertainty.

The Housing Market Hotness Index dipped for the week ending July 13, 2025, as mortgage rates near 7% continue to keep buyers on the sidelines. This is slowing homebuilding and price growth, leading sellers to pull listings. With inflation and unemployment data making a Fed rate cut unlikely in July, the market remains paused.