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Running Out of Ways to Say 'Housing Weak but Improving'

Wednesday, May 27, 2015

Freddie Mac said that its Multi-Indicator Market Index (MiMI) for March continues to indicate a weak housing market overall but both monthly and quarterly improvement.  The Index was at 75.4 in March, a 0.69 percent gain from February and a three month improvement of 1.24 percent.  Since March 2014 the indicator has moved upward by 3.11 percent.

The company said that the U.S. housing market is continuing to stabilize and those markets showing the most improvement are also seeing stronger home sale demand in the spring market.  Even with strong home price growth low mortgage rates are keeping homes affordable in most markets.

 

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