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North Dakota Ranks as the Most Stable U.S. Housing Market

North Dakota, Washington, D.C. and Wyoming rank as the most stable U.S. housing markets, according to a new Freddie Mac gauge that weighs criteria including mortgage applications, income ratios and employment.

Freddie Mac’s Multi-Indicator Market Index released today measures the stability of states and the U.S. capital, as well as the top 50 metropolitan areas. Nationally, the measure shows an improving housing market that’s still outside its healthy range, the McLean, Virginia-based company said in a statement.