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, Los Angeles came right “in range” for improvement showing a pretty strong market. The market was reported at 94.3, a 1.18 percent improvement over last month a 2.84 percent over the last three months.
- LA’s annual change for the MiMi was 8.14 percent, with a weak purchase applications indicator of 52.5.
- Employment was the best improving factor in LA at 107.5, which shows an uptick of 3.56 percent.
- LA ranks no. 5 out of 100 metros, decreasing one spot from the same time last year and remaining unchanged from the previous month.