Freddie Mac's Multi-Indicator Market Index (MiMi) shows the U.S. housing market continuing to improve. The national MiMi value stands at 81.9, indicating a housing market that is on its outer range of stable housing activity. On a year-over-year basis, the national MiMi value has improved +6.31%. Since its all-time low in October 2010, the national MiMi has rebounded 38%, but remains significantly off from its high of 121.7.
"The strong annual change of 6.31 percent is the best improvement we've seen in the MiMi on a year-over-year basis since July 2014" says Freddie Mac. "While strong home purchase applications and rising home values in some markets are contributing to this improvement, its largely more of a reflection of mortgage delinquencies continuing to decline at a steady pace, especially in those hardest hit markets, and a better employment picture overall."