• MiMi numerically details national, state and metro-level market activity to illustrate housing market stability and instability across the nation.
  • The national MiMi reached a healthy score of 85 in June, up 5.76 percent year-over-year.
  • At a MiMi of 99.8, Los Angeles scored the best in the nation for June.

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.

The Freddie Mac MiMi is calculated using four key indicators: purchase applications, payment-to-income ratios, mortgage health and employment rates. Markets in-range are scored between 80 and 120, while numbers below 80 are considered weak. Scores above 120 are elevated.

In national highlights, South Carolina and the Georgia metros of Atlanta and Augusta reached historic activity levels in June.

Screen Shot 2016-09-08 at 3.26.33 PM

At a MiMi score of 99.8, Los Angeles was ranked the no. 1 metro in June and healthiest in the nation. L.A.’s MiMi represents a 0.2 percent monthly rise and 6.85 percent annual rise. In the three months’ prior, L.A.’s MiMi improved 1.63 percent.

While purchase applications in L.A. scored low at 59.5, they moved up 1.88 percent since May. Current-on-mortgage score is a healthy 95, down 0.11 percent from the month prior. Employment scored 120.2 – considered slightly elevated – but not as high as payment-to-income, which scored 124.6.

All said, the highs and lows help balance the L.A. market index to a vigorous and stable grade, the report shows.

Screen Shot 2016-09-08 at 3.26.47 PM

Email Jennifer Riner

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription