WASHINGTON–Freddie Mac is reporting that many of the nation's housing markets continue to improve, with one more state, Michigan, returning to its historical benchmark level of housing activity.
Other states showing the greatest improvement month over month were Tennessee, Mississippi, Texas, Oregon and Nevada .
"The U.S. housing market is poised to have its best year in a decade," says Freddie Mac Deputy Chief Economist Len Kiefe. “The National MiMi (Multi-Indicator Market Index) currently stands at 83, the highest since September of 2008. And the trends are nearly all positive. Home purchase applications are headed higher, with the National MiMi purchase applications indicator increasing nearly 12% from one year ago. The mortgage delinquency crisis is not completely behind us, but delinquencies are generally trending down."