Freddie Mac’s New York City market index shows room for improvement

Report uses purchase applications, payment-to-income, employment and mortgage health to measure markets
by Staff Writer
September 06, 2016
  • The national MiMi reached a healthy score of 85 in June, up 5.76 percent year-over-year.
  • New York City’s MiMi in June is on the lower end of the healthy range, at 83.9.
  • NYC scored low in the categories of payment-to-income and current on mortgage.

Freddie Mac released its latest Multi-Indicator Market Index (MiMi) based on June housing market activity. MiMi numerically details national, state and metro-level market activity to illustrate market stability and instability across the nation.

On a national level, MiMi falls in the healthy range of 85 in June. This is a .08 percent rise from May and a 1.37 percent jump over the previous three months. Annually, the national MiMi is up 5.76 percent.

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