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Housing Improving but Seemingly never Recovered

Wednesday, August 26, 2015

The topline news while accurate is also growing monotonous:  housing market continues to improve.  Freddie Mac added another chapter to the seemingly endless tale today with its updated Multi-Indicator Market Index or MiMi.  The index measures where national, state, and the top 100 metropolitan housing markets stand relative to each one's own stable range of housing activity and whether it is trending toward or further away from that point. 

The national MiMi improved by 1.33 percent from May to June and shows a three-month change of +2.26 percent and 5.41 percent year-over-year.  The MiMi value at the end of June was 80.3, up 35 percent from its low point in October 2010 but significantly below its high of 121.7.

 

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