Veros' Economic Team

The housing market hotness index remains steady in the stable zone, showing little movement as high mortgage rates and low supply continue to dominate the market.

The value of the Market Hotness Index* was 103.83 for the week ending May 12th, 2024. The index has been tracking in a narrow range as the housing market remains in the grip of elevated rates and low supply.
The hottest county for the week ending May 12th, 2024, is Fairfax County, VA.

The value of the Market Hotness Index* was 103.01 for the week ending May 05th, 2024, compared to 103.56 in the previous week.
The hottest county for the week ending May 05th, 2024, is Fairfax County, VA.

The value of the Market Hotness Index* was 103.56 for the week ending April 28th, 2024, compared to 103.88 in the previous week. The hottest county for the week ending April 28th, 2024, is Monroe County, NY.

The value of the Market Hotness Index* was 103.73 for the week ending April 21st, 2024, compared to 103.88 in the previous week.

The hottest county for the week ending April 21st, 2024, is Monroe County, NY.

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.

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.

The index posts another modest gain as market warms up.

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

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