Housing Market Hotness Index Jan 26, 2025

Line chart image showing Housing Market Hotness Index Jan 26, 2025

The Housing Market Hotness Index plunged to a record low of 88.18 for the week ending January 26, 2025, marking the lowest point since its inception. Potential homebuyers, faced with persistently high mortgage rates, are largely sidelined, unwilling to commit to such a significant purchase. While cash buyers remain active, their influence is insufficient to counteract the overall cooling of the market. Furthermore, uncertainty surrounding the economic policies of the new administration is adding to buyer hesitancy and dampening market confidence. Finally, elevated home prices continue to pose a significant affordability barrier for many potential buyers.

Monroe and Erie Counties in New York, Middlesex and Essex Counties in Massachusetts, and Santa Clara County in California emerged as the top five counties with the highest market “hotness.” Conversely, all five of the markets with the lowest rankings were located in Florida and Texas.

*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.

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