Need news in a flash? Here’s what’s happening in your community

Freddie Mac’s Multi-Indicator Market Index (MiMi) based on June housing market activity in New York City measured four key indicators: purchase applications, payment-to-income ratios, mortgage health and employment rates. NYC scored “healthy” for purchase applications and employment, but payment-to-income scored a low 75.9, which is down 0.26 percent month-over-month. Current-on-mortgage for NYC scored an even lower 61.2.

Screen Shot 2016-09-06 at 2.38.31 PM

A new report from Trulia finds McMansions — big plots of land dotted with similarly styled homes — are losing appeal in some areas of the country. The premium drop for a McMansion home between 2012 and 2016 in New York City was 6.3 percent. As of 2016, the premium was 73.2 percent at a median price of $701,475. Compare this with 2006, when the median price of a McMansion home was $767,156, with a premium of 68 percent.

Apartment List’s latest Renter Survey studied renter satisfaction across major metros, grading factors such as affordability, crime, jobs and weather. Despite poor affordability, NYC received a B grade in overall satisfaction. Safety and crime, career opportunities, public transit and recreational activities boosted satisfaction levels.

Got a lead on some news happening in your community? Send information to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
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