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Freddie’s Multi Market Indicator Recovers from January Stumble

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
three-month trend.

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.

 

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