There were modest gains in the housing market as the Market Hotness Index edged up to 102.49 for the week ending August 4th, compared to 101.64 the prior week. Although mortgage rates experienced a small decline, substantial buyer assistance is still required to invigorate the market. Monroe County, New York continued to hold its spot as the most competitive housing market.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
