Housing Market Hotness Index

Housing market activity edged higher at the end of March but remains below last year’s levels. Rising mortgage rates and signs of a softening labor market are adding new pressure to an already strained affordability environment.

The housing market posted a modest rebound in March, with improving activity following a weak February. But that progress may be short-lived as mortgage rates climb again and uncertainty around potential rate hikes and global conflict weighs on buyer confidence.

The housing market is showing signs of renewed momentum heading into spring, with the U.S. Housing Market Hotness Index rising week over week. However, increasing geopolitical tensions and rising oil prices are driving inflation expectations higher, pushing mortgage rates upward and introducing new uncertainty into what is typically the busiest homebuying season.

The Housing Market Hotness Index climbed to 89.84 for the week ending March 8, 2026, reflecting renewed optimism as pending home sales rise and inventory remains tight heading into the spring season. However, rising mortgage rates, inflation concerns tied to Middle East tensions, and a softening labor market could limit housing demand in the months ahead.

The Housing Market Hotness Index increased to 88.29 for the week ending March 1, 2026, signaling renewed spring momentum as buyers and sellers return to the market. California’s Bay Area counties continue to lead the nation in housing activity, while parts of Florida, Texas, Washington, D.C., and Honolulu remain relatively subdued.

The U.S. Housing Market Hotness Index climbed to 86.36 for the week ending February 22, signaling renewed momentum as lower mortgage rates improve affordability ahead of the spring season. However, geopolitical tensions in the Middle East could push inflation and mortgage rates higher again.

The U.S. Housing Market Hotness Index edged up to 84.61 for the week ending February 15, 2026, but continues to hover within a narrow range. Despite the 30-year fixed mortgage rate falling to 6.01%, its lowest level since 2022, buyers and sellers remain cautious, limiting transaction activity.

The U.S. Housing Market Hotness Index fell to 84.17 for the week ending February 8, 2026, signaling continued cooling in housing activity. Although mortgage rates are 80 basis points lower than a year ago, affordability remains strained as home prices stay elevated and labor market softness dampens buyer confidence.

The U.S. Housing Market Hotness Index slipped modestly, reflecting a market that remains in a slump. Lower mortgage rates and stable prices have improved affordability compared to last year, but a soft labor market is keeping many buyers on the sidelines.