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, Miami came right below “in range” for improvement showing a weak market. The market was reported at 85.3, a 1.19 percent improvement over last month and a 3.39 percent over the last three months.
- Miami’s annual change for the MiMi was 13.13 percent, with a weak purchase applications indicator of 59.1.
- Current on mortgage was the best improving factor at 59.3, an increase of 2.24 percent over the last month.
- Miami ranks no. 33 out of 100 metros, increasing two spots from the previous month and increasing 19 spots from the same time last year.