Housing Market Hotness Index March 17, 2024
The housing market is trending warmer, with the index value increasing modestly over the previous week’s reading.
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Housing Market
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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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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Investors Turn Attention to Low-Priced Housing Opportunities
In a landscape characterized by constrained housing supply and diminished affordability, prospective first-time homebuyers find themselves navigating heightened competition with investors for the limited pool of affordable or low priced homes available on the market.
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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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2024 Veros’ Study Update on “Does Historical Redlining Influence Today’s AVM Estimates”
The February 2024 updated study by Veros Real Estate Solutions (Veros) examines the influence of historical redlining on modern automated valuation models (AVMs) in the housing market. In their update, researchers expand their analysis to five additional metropolitan areas in the United States.
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Baby Boomers’ Housing Boom
Media channels are currently abuzz with discussions surrounding baby boomers and homeownership, citing them as a key factor contributing to the constrained housing supply. In 2022, a third of all owner-occupied homes are owned by those 65 years or older.
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Charting the Path to Affordability: Will a Year-End Dip in Mortgage Rates Reshape the Housing Landscape in 2024?
Explore various year-end mortgage rate scenarios, ranging from 6.0% to 6.6% in conjunction with different house price gains scenarios.
Mortgage Rates and Demographics are Shaping the Current Housing Market
The housing market boomed during the pandemic years and now seems to be in a frozen state. Is it the employment landscape, inflation, or could it be the simultaneous rapid surge in mortgage rates and home prices over the past three years in combination with the demographic trends?
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