Economic Indicators
Indicators that provide signals about the current state and future direction of the economy and the housing market.
30-yr Fixed Rate Mortgage
| SEPT. 2023 | SEPT. 2024 | DEC. 2024 FORECAST |
|---|---|---|
| 7.2% | 6.2% | 6.3% |
30-yr FRM: Freddie Mac, Forecast: Veros
Unemployment Rate
| SEPT. 2023 | SEPT. 2024 | DEC. 2024 FORECAST |
|---|---|---|
| 3.8% | 4.1% | 4.4% |
Unemployment rate: Bureau of Labor Statistics, Forecast: Veros
Inflation Rate
| SEPT. 2023 | SEPT. 2024 | DEC. 2024 FORECAST |
|---|---|---|
| 3.7% | 2.4% | 2.5% |
Inflation: Bureau of Labor Statistics, Forecast: Veros
Hourly Earnings
| SEPT. 2023 | SEPT. 2024 |
|---|---|
| $34.01 | $35.36 |
Source: Bureau of Labor Statistics
Housing Inventory
| AUG. 2023 | AUG. 2024 |
|---|---|
| 1.10 Million | 1.35 Million |
Source: National Association of Realtors
Housing Starts
| SEP. 2023 | SEP. 2024 |
|---|---|
| 1.363 Million | 1.354 Million |
Source: Census.gov
Housing Market Hotness Index
Discover housing market trends with the Market Hotness Index, a weekly metric utilizing proprietary data on housing activity, demand, and supply indicators across the top 100 U.S. counties.
- The Market Hotness Index is formulated through a combination of proprietary data pertaining to housing activity and demand and supply indicators for the 100 most populous counties in the U.S.
- The index is scheduled to be disseminated weekly and serves as a metric to identify markets gaining momentum or waning. A market exhibiting a score in the 95-105 range on this index is considered a stable market, with a score surpassing this range implying a hotter market, and a score below 95 indicating a cooling market.
Housing Market Hotness Index Oct 13, 2024
The housing market cooled further in the week ending October 13th due to seasonal factors and hurricane impacts.
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Housing Market Hotness Index Oct 06, 2024
The housing market is holding steady as market participants wait for a further decline in mortgage rates.
Housing Market Hotness Index Sep 22, 2024
The housing market hotness index continued its decline in September 2024 to reach 96.96; in 2023 it had reached this level only in November. This suggests a broader market slowdown, as prospective buyers become more hesitant to enter the market.
Housing Market Hotness Index Sep 15, 2024
The housing market is cooling down as we enter fall, with the Market Hotness Index dropping to 97.58. This slowdown might not be just seasonal but could reflect a broader market cooling. Monroe County, New York, continues to be the hottest housing region in the United States.
Housing Market Hotness Index Sep 08, 2024
The U.S. housing market is experiencing a seasonal slowdown as the Market Hotness Index dips below 100.00 for the first time since mid-March. Uncertainty surrounding rates, unemployment, and the election is deterring buyers and sellers.
Housing Market Hotness Index Sep 01, 2024
The housing market continues to cool as summer comes to an end.