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
| MAR. 2023 | MAR. 2024 |
|---|---|
| 0.97 Million | 1.11 Million |
Source: National Association of Realtors
Housing Starts
| MAR. 2023 | MAR. 2024 |
|---|---|
| 1.380 Million | 1.321 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.
Housing Market Hotness Index April 14, 2024
The value of the Market Hotness Index* was 103.73 for the week ending April 14th, 2024, compared to 103.56 in the previous week. The index remains flat as elevated rates appear to have frozen the market. The hottest county for the week ending April 14th, 2024, is Monroe County, NY.
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Housing Market Hotness Index April 07, 2024
The value of the Market Hotness Index* was 103.56 for the week ending April 7th, 2024, compared to 103.13 in the previous week. The index value improved marginally as the housing market adjusts to elevated rates.
Housing Market Hotness Index March 31, 2024
The index posts another modest gain as market warms up.
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 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 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.