Employment numbers and current mortgage payments among buyers are driving the health of the housing markets across the United States, according to Freddie Mac's Multi-Indicator Market Index (MiMi) for November 2015 released Tuesday.
Freddie Mac found that the U.S. housing market continued to stabilize as the MiMi value rose to 82.5 as of November 2015, meaning that the market is on its outer range of stable housing activity.
According to the report, the MiMi value is up 0.82 percent month-over-month and 7.23 percent year-over-year. Over the last three months, the MiMi has risen 2.09 percent.
The MiMi is up 39 percent from the all-time low recorded in October 2010, but remains far off from the peak of 121.7, the report stated.
"We saw another…