Freddie Mac MiMi shows SF strong and improving

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 San Francisco, the housing market is in range at 91 and is improving. The index for December shows no monthly change over November and an 8.46 percent annual change.

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