The housing market was slightly less stable in July compared to the previous month, according to data released Wednesday by Freddie Mac.
Freddie's Multi-Indicator Market Index dropped 0.45% over the month, to 73.4, indicating a slight weakness in the overall demand for housing.
"We will continue to see 'two steps forward and one step backward' movement in our housing stability index until the broader economy sees better growth," said Frank Nothaft, Freddie's chief economist, in a news release Wednesday.
Thirteen states — including North Dakota and Wyoming — and the District of Columbia recorded stable values on Freddie's MiMi index.
