Nationwide, the Freddie Mac Multi-Indicator Market Index (MiMi) suggests that conditions are “in range” for positive change. As of September 2015, the MiMi improved by 0.67 percent monthly and 5.79 percent annually. Employment is the biggest positive factor, increasing by 1.12 percent over last month and 7.77 percent over the same time last year.
According to the MiMi, Chicago came right below “in range” for improvement showing a weak market. The market was reported at 74.9, a 0.94 percent improvement over last month and a 2.88 percent over the last three months.
- Chicago’s annual change for the MiMi was 8.08 percent, with a weak purchase applications indicator of 59.1.
- Employment was the best improving factor at 106.3, an increase of 2.11 percent over the last month.
- Chicago ranks no. 85 out of 100 metros, decreasing one spot from the previous month and increasing two spots from the same time last year.