MiMi: Multi-Indicator Market Index
MCLEAN VA – Freddie Mac (OTCQB: FMCC) today released its Multi-Indicator Market IndexSM (MiMiSM) showing mixed signals for the U.S. housing market as more markets move into their stable range of housing activity including Salt Lake City, Los Angeles, Nashville and Pittsburgh metro areas as well as Idaho and Utah states. However, similar to last month, most housing markets remain stalled largely due to weak home purchase mortgage applications.
Is your local housing market affordable? Is it stable? Are the homeowners who live there current on their mortgage payments? Is the local employment picture fragile or strong? The Freddie Mac Multi-Indicator Market IndexSM (MiMiSM) helps answer these and other critical housing questions. MiMi uses the latest data to measure the stability of the housing market in all 50 states plus the District of Columbia, the top 50 metros, and the nation.
MiMi offers new insight into today's housing market every month. You will also gain a fresh perspective on how your market today compares to other markets, the recent past, and current trends. MiMi is housing data in context. It is released at 10 a.m. EDT monthly.
Opinions, estimates, forecasts and other views contained in this page are those of Freddie Mac's Office of the Chief Economist, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac's business prospects or expected results, and are subject to change without notice. Although the Office of the Chief Economist attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2014 by Freddie Mac. Information from this page may be used with proper attribution.