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, San Francisco came right “in range” for improvement showing a pretty strong market. The market was reported at 91, a 0.66 percent improvement over last month a 1.22 percent over the last three months.
- SF’s annual change for the MiMi was 8.20 percent, with a weak purchase applications indicator of 53.9.
- Payment-to-income was the best improving factor in SF at 107.3, which shows an uptick of 0.85 percent.
- San Francisco ranks no. 9 out of 100 metros, decreasing one spot from the previous month and remaining unchanged from the same time last year.
Comments