The housing market further cooled down, with the Market Hotness Index dropping to 100.69 for the week ending August 18th from 101.29 in the previous week. Despite a decrease in mortgage rates to 6.46%, both demand and supply for housing remain sluggish. Monroe County, New York, continues to hold the title of the most competitive housing area.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
