The U.S. Housing Market Hotness Index remained in the cool zone at 92.24 for the week ending October 5, 2025, reflecting a market that remains frozen. The 30-year fixed mortgage rate was at 6.3%, roughly 60 basis points lower than at the start of the year. However, lower rates have not spurred a surge in buyer activity, as home prices remain elevated. Ongoing economic uncertainty, particularly surrounding employment prospects, continues to deter many potential buyers from making major financial commitments.
The hottest market of the week was San Francisco County, driven by strong demand linked to the AI industry boom. Other top-performing areas included Monroe and Erie Counties in New York, and Kent and Oakland Counties in Michigan. On the other hand, the coolest markets were Travis and Bexar Counties in Texas, Palm Beach and Broward Counties in Florida, and Honolulu County in Hawaii.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
