Freddie Mac: Housing markets continue to get better, Ariz. among most improved

Freddie Mac housingBy Colin Wilhelm | National Mortgage News

Freddie Mac’s monthly Multi-Indicator Market Index showed almost 80% of the top 100 housing markets in the country continued to improve in March from February, the government-sponsored showed almost 80% of the top 100 housing markets in the country continued to improve in March from February, the government-sponsored enterprise said Wednesday.

According to the index, 17 states as well as the District of Columbia had market values in a “stable” range, with North Dakota, D.C., Hawaii, Montana and Wyoming making up the top five most stable markets.

According to Freddie Mac, a total of 36 states and 77 of 100 metro area markets improved on a three-month trend in the most recent MiMi. Washington (2.37% improvement), Oregon (2.26%), Arizona (1.76%), Tennessee (1.39%) and Michigan (1.26%) were the states whose home values were most improved on a year-over-over basis. Stockton, Calif. (12.01%), Detroit (11.63%), Denver (11.41%), Las Vegas (10.73%) and Palm Bay, Fla. (10.23%), were the metro areas with the most improvement.

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