5 Signs the National Housing Market Is Stabilizing
According to Freddie Mac's Multi-Indicator Market Index, almost 80 percent of all housing markets across the country are stabilizing; 38 out of 50 states and 40 out of 50 metropolitan areas are showing a three-month improving trend. However, the index stands at 74.9, which indicates a weak overall housing market. While the index is far from its all-time high of 121.7 back in April 2006, it is also far from its lowest point of 57.2 in October 2010. The current market has improved 31 percent from its all-time low.
Good News for Loan Payments
Tight Lending Standards Loosen
National Pending Home Sales Increase