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.

  • Freddie Mac's MiMi numerically details market activity to illustrate stability and instability across the nation.
  • The national MiMi reached a healthy score of 85 in June, up 5.76 percent year-over-year.
  • Miami’s MiMi score of 91.9 (considered healthy by Freddie Mac) is unchanged from May, but up 2 percent over the three-month period prior to 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.

freddie mac MiMi

Miami’s MiMi score of 91.9 is unchanged from May and considered healthy by Freddie Mac, and it’s up 2 percent over the three-month period prior to June. On an annual scale, Miami’s score increased 10.06 percent.

Purchase applications in Miami scored low, at 68.8, but boosted 3.3 percent month-over-month. Current-on-mortgage ranked below the healthy range, at 66.3, a 4.47 percent decline from the previous month. Payment-to-income and employment are at a healthy 117.4 and 115.2, respectively.

Freddie Mac MiMi

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