The Housing Market Hotness Index slipped to 98.84 for the week ending June 28, 2026, down from 99.09 the previous week, underscoring a housing market that remains constrained by affordability and economic uncertainty. Elevated mortgage rates, persistent inflation, and weakening consumer confidence continue to suppress buyer demand, while the lock-in effect and sellers’ reluctance to lower asking prices are keeping housing supply tight.
The national picture, however, masks significant differences across local markets. San Francisco County, California; Jackson County, Missouri; Marion County, Indiana; Essex County, New Jersey; and Cuyahoga County, Ohio remain among the nation’s strongest-performing housing markets. In contrast, Miami-Dade and Palm Beach Counties in Florida, along with Bexar and Travis Counties in Texas and Davidson County, Tennessee, continue to face softer buyer demand and weaker housing market conditions.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
