Report: Home Prices Still ‘Have Room to Run’

(REALTORMAG.org) There’s still a lot of equity-building potential for home owners. Freddie Mac’s Multi-Indicator Market Index stands at 86, which the mortgage giant says is on the “outer edge of its historic benchmark range of housing activity.”

The index has climbed 45 percent since its all-time low set in 2010. It continues to trail way below its historic benchmark normalized of 100 and far away from its high of 121.7. {READ MORE}