Freddie Mac MiMi shows Houston strong but declining

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

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 Houston, the housing market is in range at 87.1 and is declining. The index for December shows a 0.11 percent monthly decline over November and a 1.75 percent annual uptick.

Out of the four indicators, two are on the rise: purchase applications and payment-to-income. Payment-to-income, current on mortgage and employment are considered “in-range.”