Freddie Mac’s Multi-Indicator Market Index (MiMi) for
February shows that the U.S. housing market continues to stabilize and has
recovered from a slight stumble – what Freddie Mac had called “the winter
doldrums” – in January. The MiMi tracks
the top 100 housing markets in the country and 60 percent are now showing an improving
The national MiMi increased 0.65
percent from January to February to 74.7, a three month gain of 0.30 percent,
indicating a weak but improving housing market. On a year-over-year basis the
national value has improved 3.53 percent.
The nation’s all-time MiMi high of 121.7 was April 2006 and the national
value has rebounded 31 percent since hitting its low of 57.4 in October 2010.