According to Florida Realtor News, Freddie Mac’s latest Multi-Indicator Market Index finds that the Florida real estate market’s rebound leads the nation. In a city-by-city comparison, Orlando leads the nation in both a month-to-month and year-to-year comparison, and only one non-Florida city makes the top five list.
“Florida has some of the most improving housing markets in the country, largely a reflection of more borrowers becoming current on their mortgage payments as the local employment picture improves and house prices rebound,” says Freddie Mac Chief Economist Len Kiefer. “Nationally, all Multi-Indicator Market Indexes indicators are heading in the right direction for the second consecutive month and improving more than 6 percent from the same time last year.”
The national Multi-Indicator Market Index value indicates that the housing market is on its outer range of stable housing activity. Since it’s all time low in October 2010, the Multi-Indicator Market Index has improved 37%.
