Freddie’s Multi Market Indicator Recovers from January Stumble

By Jann Swanson

Posted To: MND NewsWire

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 r ebounded 31 percent since hitting its low of 57.4 in October 2010. Twenty-three states and 64 metro areas showed an improving three month…(read more)

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