Nearly ¾ of States in Stable Range According to Freddie Housing Indicator

Posted To: MND NewsWire

The nation's housing market continues to improve and the spring home buying season appears to be off to a strong start according to a Freddie Mac report released on Wednesday. The company's Multi-Indicator Market Index or MiMi now stands at 83.8, indicating a housing market that is on the outer range of its historic benchmark level of housing improvement. The MiMi improved 1.0 percent from February to March, had a three-month gain of 1.56 percent, and was up 7.23 percent year-over-year. In addition to the national increases six more metro areas and the State of Kentucky have moved within their benchmark ranges. MiMi monitors and measures the stability of the nation's housing market, as well as the housing markets of all 50 states, the District of Columbia, and the top 100 metro markets. The...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/1TGyfYQ