reddie Mac's August 2014 Multi-Indicator Market Index, or MiMi, showed a value of 73.7, indicating a weak housing market overall.

May to June 2014 had a 0.04 percent improvement, bringing the three-month positive trend to 0.16 percent. As of June, 21 of the 50 states and 25 of the top 50 metros showed an improving three-month trend. The same time last year, every state plus the District of Columbia and every metro showed an improving three-month trend.

Nevada, Illinois, and Connecticut were the most improved states by the month; Nevada, Florida, and Illinois were the most improved from last year. Las Vegas, Riverside, Calif., and San Jose Calif., were the most improved metros by the month; Las Vegas, Riverside, and Miami were the most improved from last year.