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
| OCT. 2023 | OCT. 2024 | DEC. 2024 FORECAST |
|---|---|---|
| 7.6% | 6.4% | 6.3% |
30-yr FRM: Freddie Mac, Forecast: Veros
Unemployment Rate
| OCT. 2023 | OCT. 2024 | DEC. 2024 FORECAST |
|---|---|---|
| 3.8% | 4.1% | 4.4% |
Unemployment rate: Bureau of Labor Statistics, Forecast: Veros
Inflation Rate
| OCT. 2023 | OCT. 2024 | DEC. 2024 FORECAST |
|---|---|---|
| 3.2% | 2.6% | 2.5% |
Inflation: Bureau of Labor Statistics, Forecast: Veros
Hourly Earnings
| OCT. 2023 | OCT. 2024 |
|---|---|
| $34.10 | $35.46 |
Source: Bureau of Labor Statistics
Housing Inventory
| SEP. 2023 | SEP. 2024 |
|---|---|
| 1.13 Million | 1.39 Million |
Source: National Association of Realtors
Housing Starts
| OCT. 2023 | OCT. 2024 |
|---|---|
| 1.365 Million | 1.311 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 Nov 10, 2024
The U.S. housing market continues to cool due to high-interest rates and elevated home prices.
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Housing Market Hotness Index Nov 03, 2024
The U.S. housing market continues to cool due to high-interest rates and elevated home prices.
Housing Market Hotness Index Oct 27, 2024
The U.S. housing market continues to cool due to high-interest rates and elevated home prices.
Housing Market Hotness Index Oct 20, 2024
The U.S. housing market continues to cool due to high-interest rates and elevated home prices.
Housing Market Hotness Index Oct 13, 2024
The housing market cooled further in the week ending October 13th due to seasonal factors and hurricane impacts.
Housing Market Hotness Index Oct 06, 2024
The housing market is holding steady as market participants wait for a further decline in mortgage rates.