While all indicators have made notable increases as of late, as indicated by the latest Housing Market Index numbers, conditions still remain distressed by historic standards, even as the industry starts to again see signs of life.
Houses are more affordable then they've been in decades, and interest rates are low. But a home can turn into a bad buy if you make one of these crucial mistakes.
The latest Housing Market Index (HMI) shows a flattening of most measures in March with the composite HMI index remaining unchanged at 28. The "buyer traffic" index stayed put at 22.
The latest housing market index shows that all measures increased in January, propelling the composite HMI index to its highest level since 2007