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October 24, 2014

More Local Markets Improve as Housing Stabilizes

Research and Analysis

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.

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