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.
Housing Market Hotness Index March 3, 2024 Read More »
Explore various year-end mortgage rate scenarios, ranging from 6.0% to 6.6% in conjunction with different house price gains scenarios.
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.
Housing Market Hotness Index Feb 25, 2024 Read More »
The Market Hotness Index is formulated through a combination of proprietary data pertaining to housing activity and demand and supply indicators for the 100 most populous counties in the U.S.
Housing Market Hotness Index Read More »
The rapid price growth and intense competition of the past few years in the housing market is a thing of the past. While many markets remain seller-dominant, buyer demand has moderated due to high mortgage rates and affordability concerns. This might result in longer listing times and more negotiating room for buyers.
Dive into 2024 with Key Housing Market Metrics Read More »
Insufficient housing supply in America is a key driver behind the continual rise in home prices and the persistent low inventory. According to Freddie Mac’s data, there was a supply deficit of 3.8 million units in Q4 2020. Other estimates also indicate deficits in the millions. With a growing population and the formation of more households, demand is on the rise.
Can New Construction Ease Supply? Read More »
The housing market remains constrained by affordability challenges and a limited supply. As we move into 2024, the question arises: will there be a significant shift, or are we likely to experience more of the same?
House Price Predictions for 2024 Read More »
The current housing landscape starkly contrasts with the Great Recession of 2008, with a notable factor being the acute shortage of available homes. Unlike the excess inventory seen in the 2007-2008 period, existing homes for sale in November 2023 numbered less than 1.2 million, a significant departure from the three million-plus during the Great Recession.
Crunching Numbers: The Persistent Low Housing Supply Read More »
In the latter half of 2022, the housing market was characterized by low inventory and reduced affordability, primarily due to high prices and mortgage rates. Despite concerns of a crash, the market remained stable due to limited supply.
The Spring Housing Market 2023 Read More »
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