Markets & Economy

Freddie Mac MiMi shows DC strong and improving

Nationally, all indicators are on the rise but only two are "in-range"

The ROI Producing Real Estate Event of the Summer
Reach top decision-makers at Inman Connect

Freddie Mac released its Multi-Indicator Market Index (MiMi) February 24 for December 2015. The MiMi indicates that the nation’s housing market continues to improve.

The MiMi judges a market as in-range if it’s between 80 and 120. Nationally, the market is in-range at 82.7, which is a monthly change of 1.7 percent and an annual change of 7.65 percent.

The MiMi is gauged by four indicators: purchase applications, payment-to-income, current on mortgage and employment.

All four of these indicators are on the rise, but only current on mortgage and employment are considered “in-range.”

In Washington D.C., the housing market is in range at 82.6 and is improving. The index for December shows a 0.73 percent monthly uptick over November and 5.22 percent annual change.

Keys to building your real estate reputation
Learn how to capture your audience’s attention READ MORE

Out of the four indicators, all of them are on the rise. Payment-to-income, current on mortgage and employment are considered “in-range.”