The Housing Market Hotness Index edged up slightly to 95.16 for the week ending June 29, 2025, from 94.95 the previous week, signaling a market still largely stagnant. This persistent lack of momentum is echoed in Fannie Mae’s June Home Purchase Sentiment Index, which dipped below 70, reflecting deepening consumer pessimism amid heightened job loss concerns and ongoing mortgage rate uncertainty. Despite modest declines in mortgage rates, they remain elevated, and mixed expectations about future rate trends are weighing further on buyer sentiment.
Among the most competitive markets this week were Monroe County (NY), Kent County (MI), St. Louis County (MO), Erie County (NY), and Providence County (RI), where buyer demand remains relatively strong. Conversely, Florida markets including Broward, Miami-Dade, Palm Beach, and Lee Counties were the weakest performers.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
