Freddie Mac: Many of the nation's housing markets, including Hampton Roads, are stalling

(RECAP: The bad news keeps piling up on the housing front, this time with glum statistics from mortgage giant Freddie Mac, which declared Wednesday that many of the nation’s housing markets, including Hampton Roads, are stalling. The third installment of Freddie’s “Multi-Market Multi-Indicator Market Index”, which sizes up homebuying activity and other factors, found that only 10 states and the District of Columbia fall in the “stable” range. The Hampton Roads housing marketing is declining mostly because of a decrease in mortgage purchase applications over the past three months.)