The Washington, D.C market is on it’s way to improving, but is moving slow getting there.
According to the Freddie Mac Multi-Indicator Market Index (MiMi), Washington, D.C. came right “in range” for improvement by a mere 0.3 points. The market was reported at 80.3, a 0.5 percent improvement over last month an 1.01 percent over the last three months.
- DC’s annual change for the MiMi was 2.95 percent, with a weak purchase applications indicator of 47.2.
- Employment was the best improving factor in DC at 94.8, which shows an uptick of 1.28 percent.
- DC ranks no. 50 out of 100 metros, decreasing one spot from the previous month and 11 spots from the same time last year.