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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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