Freddie Mac: 'Housing is Normal Depending on Where You Live'
Description:Frank Nothaft, Chief Economist of Freddie Mac, explains how to use the Multi-Indicator Market Index (MiMi), a new publicly-accessible tool that monitors and measures the stability of the nation's housing market on a monthly basis. It shows how your market today compares to other markets, the recent past, and current trend. Nothaft reveals that the Midwest region, Texas in particular, leads the way in growth, while Florida, New Jersey and North Carolina show the most improvement.(3:54)