Talking Points …
- Housing markets in just 10 states and four of 50 metro areas are stable, according to Freddie Mac’s Multi-Indicator Market Index. The data shows an overall picture of the market that is neither grim nor prosperous, according to Freddie Mac Chief Economist Frank Nothaft.
- Less than half of the housing markets that the index covers are showing an improving trend, whereas at this same time last year more than 90 percent of these same markets were headed in the right direction.
- The 10 states on stable ground as of March are North Dakota, Wyoming, Louisiana, Alaska, Montana, Hawaii, West Virginia, Texas, Vermont and South Dakota. California is one of the five most improving states month-over-month.