Housing Market Hotness Index March 31, 2024
The index posts another modest gain as market warms up.
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Housing Market
Amid High Rates and Prices, VeroFORECAST Projects Moderate House Price Increases
Even with high prices and mortgage rates, the housing market continues to see an upward price trend, fueled by strong competition among homebuyers regardless of limited inventory. Additionally, the entry of millennials into their prime home-buying years is contributing to increased demand.
Amid High Rates and Prices, VeroFORECAST Projects Moderate House Price Increases Read More »
Housing Market Hotness Index March 24, 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 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 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.
Investors Turn Attention to Low-Priced Housing Opportunities Read More »
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?
Understanding the lawsuit against NAR’s Commissions in Simple Terms Read More »
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.
2024 Veros’ Study Update on “Does Historical Redlining Influence Today’s AVM Estimates” Read More »