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
| MAY. 2024 | MAY. 2025 | DEC. 2025 FORECAST |
|---|---|---|
| 7.1% | 6.8% | 6.6% |
30-yr FRM: Freddie Mac®, Forecast: Veros
Unemployment Rate
| MAY. 2024 | MAY. 2025 | DEC. 2025 FORECAST |
|---|---|---|
| 4.0% | 4.2% | 4.6% |
Unemployment rate: Bureau of Labor Statistics, Forecast: Veros
Inflation Rate
| MAY. 2024 | MAY. 2025 | DEC. 2025 FORECAST |
|---|---|---|
| 3.3% | 2.4% | 2.4% |
Inflation: Bureau of Labor Statistics, Forecast: Veros
Hourly Earnings
| MAY. 2024 | MAY. 2025 |
|---|---|
| $34.89 | $36.24 |
Source: Bureau of Labor Statistics
Housing Inventory
| MAY. 2024 | MAY. 2025 |
|---|---|
| 1.28 Million | 1.54 Million |
Source: National Association of Realtors
Housing Starts
| MAY. 2024 | MAY. 2025 |
|---|---|
| 1.316 Million | 1.256 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 Jun 22, 2025
The Housing Market Hotness Index declined to 94.95 for the week ending June 22, 2025, signaling continued cooling in market activity. Rising inventory, sluggish sales, and affordability pressures are keeping buyers on the sidelines, despite increased listings in many regions.
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Housing Market Hotness Index Jun 15, 2025
The Housing Market Hotness Index dropped to 95.65 for the week ending June 15, 2025, reflecting continued weakness in buyer demand amid high mortgage rates and stubbornly high home prices. The most competitive markets were in the Northeast and Midwest, while Florida and Texas continue to lag due to elevated supply and limited buyer activity.
Housing Market Hotness Index Jun 08, 2025
The Housing Market Hotness Index held steady at 96.08 for the week ending June 8, 2025—well below levels seen in previous years—reflecting ongoing market weakness driven by high mortgage rates, elevated home prices, and economic uncertainty.
Housing Market Hotness Index Jun 01, 2025
The U.S. housing market showed signs of cooling for the week ending June 1, 2025, as the Housing Market Hotness Index dipped to 96.23. Rising inventory and elevated mortgage rates are prompting more buyers to delay purchases, contributing to longer time on market. While select counties in Michigan, New York, and Rhode Island remain competitive, markets in Florida and Texas continue to lag.
Housing Market Hotness Index May 25, 2025
The Housing Market Hotness Index saw a slight decrease to 96.42, indicating a struggling market due to persistent near 7% mortgage rates, affordability issues, and economic uncertainty, particularly regarding job security. Consequently, inventory is accumulating, with significantly more sellers than buyers, leading to a disappointing spring season, as active markets in some northern states contrast with weaker conditions in Florida and Travis County, TX.
Housing Market Hotness Index May 18, 2025
The U.S. housing market shows signs of stagnation, with the Housing Market Hotness Index remaining flat for the week ending May 18, 2025. This struggle is largely attributed to persistently high mortgage rates (near 7%)and inflationary concerns from tariffs, all contributing to economic uncertainty. As a result, inventory levels are increasing even during the peak season, with April 2025's months' supply of existing homes (4.5) reaching its highest since May 2020.