US Housing Heat Map: Florida stabilizes as Mid-Atlantic weakens; top markets unchanged

Research evidence excerpt

US Housing Heat Map: Florida stabilizes as Mid-Atlantic weakens; top markets unchanged

Methodology, Risks and Disclaimers

We collaborated with our Predictive Analytics team to develop a focused set of variables

that measure the relative health of 55 major U.S. MSAs and capture the key drivers of

homebuilder opportunity. We selected inputs that are both intuitive and statistically

robust, and that tend to lead or coincide with shifts in local housing market conditions.

Our map incorporates the following themes: 1) home prices, 2) housing inventory, 3) rent

growth, 4) wage growth and employment trends, and 5) population trends. Each input is

standardized to enable direct comparison across MSAs and over time.

Exhibit 20: Components of the BofA Housing Heatmap

The BofA Housing Heatmap is comprised of eight components to make one composite score

Last Correlation

Component Source Updated Measure Of Direction Direction Explanation

Overall market health

Internal Higher scores indicate

Composite Monthly as of and momentum,

Composite Positive stronger overall market

Score Jun 2026 combining all tracked

Value conditions

indicators

CoreLogic Rising prices indicate

Monthly as of

Home Prices Home Price Home price changes Positive strong demand or tight

Apr 2026

Index (HPI) supply

Housing Lower inventory signals

Realtor.com Monthly as of

Inventory Total Active Listing Count Negative tight supply and potential

(via FRED) Jun 2026

Listings price support

Housing

Active Listing Count Lower relative inventory vs.

Inventory Total Realtor.com Monthly as of

compared to 2019 Negative 2019 indicates tighter

Listings vs. (via FRED) Jun 2026

levels supply

Zillow Increasing rents reflect

Rent Growth Observed Rent Home rental changes Positive strong rental demand

Index (ZORI) and/or limited supply