Freddie Mac’s Multi-Indicator Market Index (MiMi) dipped .06 points to -2.59 last month, indicating a flat housing market, although on the year the housing market has improved by .86 points, according to housingwire.com. The all-time low was -4.42 in Nov. 2010, MHProNews has learned. Other housing market indicators are more favorable, as Freddie Mac’s Chief Economist says: “Unemployment rates are coming down, more borrowers are paying their mortgages on time, and mortgage rates remain low. So we remain cautiously optimistic the housing recovery will continue, albeit slowly, until we see more tightening in the labor markets to give personal incomes a much-needed jolt.” ##

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