What is the real condition of your local housing market?

(RECAP: As the market shifts into a purchase focused market, Freddie Mac decided to launch its new Multi-Indicator Market Index (MiMi) to better track the stability of the housing market and more easily compare it to historical data. MiMi merges four economic indicators — purchase applications, payment-to-income, current on mortgage and employment — with data from multiple sources, including Freddie’s daily business with more than 2,000 mortgage lenders across the country.)