Freddie Mac’s newly updated Multi-Indicator Market Index (MiMi) value stands at 73.7, indicating a weak housing market overall with only a slight improvement (0.04 percent) from May to June and a 3-month positive trend change of (0.16 percent). On a year-over-year basis, the U.S. housing market has improved by 7.67 percent. The nation's all-time MiMi high of 121.87 was June 2008; its low was 59.8 in September 2011, when the housing market was at its weakest. Since that time, the housing market has made a 23.3 percent rebound.

The most improved states month-over-month were Nevada, 1.56 percent; Illinois, 1.09 percent; Connecticut, 0.93 percent; Rhode Island, 0.87 percent;  and Colorado and Kentucky, tied at 0.82 percent. On a year-over-year basis, the most improved states were Nevada, 23.5 percent; Florida, 14.8 percent; Illinois, 12.9 percent; California, 12 percent; and South Carolina, 11.9 percent