With the release of MiMi today we continue to see the U.S. housing market stabilizing as more local markets, both larger and smaller, show better improvement. The good news from MiMi – improvements this month are across more markets (8 metros and 8 states) based on a 3 month trend – and they're not just the large markets like Los Angeles and New York which receive so much of the attention. In fact, we're beginning to see some better signs on the purchase applications front in general as well. For example, the decline in the three month purchase application trend is slowing and in markets like Kansas City, Birmingham and Nashville they're actually showing a positive trend for purchase applications.
Want to receive our weekly blog round up? Subscribe at the right - and each Friday we'll send you our latest blog posts.
Have a comment or question about this post? Email us to let us know what's on your mind.