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Freddie Mac’s Housing Market Remains Weak

Just under one third of the states plus the District of
Columbia are now in what is considered a “stable” range on Freddie Mc’s
Multi-Indicator Market Index®
or MiMi.  The index, a monthly evaluation
of the U.S. housing market compared to its long-term stable range, stood at 74.5
in October.

Freddie Mac said the index currently indicates a weak
housing market overall but it is slightly improved from September to October,
up by 0.12 percent.  The three month
trend is positive at 0.42 percent.  Compared
to the same point in 2013 the MiMi has increased by 4.48 percent.

 

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