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
MAR. 2023 MAR. 2024
6.54% 6.82%

Source: Freddie Mac

Housing Inventory
FEB. 2023 FEB. 2024
0.97 Million 1.07 Million

Source: National Association of Realtors

Housing Starts
FEB. 2023 FEB. 2024
1.436 Million 1.521 Million

Source: Census.gov

Inflation Rate
MAR. 2023 MAR. 2024
5.0% 3.5%

Source: Bureau of Labor Statistics

Unemployment Rate
MAR. 2023 MAR. 2024
3.5% 3.8%

Source: Bureau of Labor Statistics

Hourly Earnings
MAR. 2023 MAR. 2024
$33.15 $34.57

Source: Bureau of Labor Statistics

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.
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Housing Market

Housing Market Hotness Index March 31, 2024

The index posts another modest gain as market warms up.
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Housing Market

Housing Market Hotness Index March 24, 2024

The housing market is trending warmer, with the index value increasing modestly over the previous week’s reading.
Housing Market

Housing Market Hotness Index March 17, 2024

The housing market is trending warmer, with the index value increasing modestly over the previous week’s reading.
Housing Market

Housing Market Hotness Index March 10, 2024

The housing market appears to be thawing from the winter freeze. The market hotness index for the week ending March 03, 2024, continues to trend up.
Housing Market

Housing Market Hotness Index March 3, 2024

The value of the Market Hotness Index* was 98.26 for the week ending March 3rd, 2024, compared to 96.27 in the previous week, indicating that housing market activity is improving. The hottest county for the week ending March 03rd, 2024, is Santa Clara County, CA.
Housing Market

Housing Market Hotness Index Feb 25, 2024

The value of the Market Hotness Index* was 96.27 for the week ending February 25th, 2024, compared to 94.89 in the previous week, suggesting an improving market as buyer activity is picking up. The hottest county for the week ending February 25th, 2024, is Snohomish County, WA. *Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
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