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
JUN. 2023 JUN. 2024 DEC. 2024 FORECAST
6.71% 6.92% 6.94%

Source: Freddie Mac & Veros

Unemployment Rate
JUN. 2023 JUN. 2024 DEC. 2024 FORECAST
3.6% 4.1% 4.4%

Source: Bureau of Labor Statistics & Veros

Inflation Rate
JUN. 2023 JUN. 2024 DEC. 2024 FORECAST
3.0% 3.0% 2.9%

Source: Bureau of Labor Statistics & Veros

Housing Starts
JUN. 2023 JUN. 2024
1.415 Million 1.353 Million

Source: Census.gov

Hourly Earnings
JUN. 2023 JUN. 2024
$33.70 $35.00

Source: Bureau of Labor Statistics

Housing Inventory
MAY. 2023 MAY. 2024
1.08 Million 1.28 Million

Source: National Association of Realtors

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.
Line chart image showing Housing Market Hotness Index Jul 14, 2024
Housing Market

Housing Market Hotness Index Jul 14, 2024

The housing market continues to cool with the market hotness index posting another decline.
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Housing Market

Housing Market Hotness Index Jul 07, 2024

High mortgage rates continue to cool the housing market, as evidenced by another decline in the market hotness index.
Housing Market

Housing Market Hotness Index Jun 30, 2024

Housing market remains stagnant as Market Hotness Index dips, Monroe County, NY hottest market this week.
Housing Market

Housing Market Hotness Index Jun 23, 2024

Housing market holds steady as key fundamentals remain unchanged.
Housing Market

Housing Market Hotness Index Jun 16, 2024

The housing market see minimal change as the Hotness Index dips slightly.
Housing Market

Housing Market Hotness Index Jun 09, 2024

The Housing Market Hotness Index is stalled as high rates and limited supply put housing activity on hold.
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