Multi-Indicator Market Index (MiMi)
MCLEAN VA – Freddie Mac (OTCQB: FMCC) today released its updated Multi-Indicator Market Index® (MiMi®) showing that the U.S. housing market experienced some winter doldrums. While an improving labor market and attractive mortgage rates continue to promise a strong spring homebuying season, housing market stability stumbled a bit due to the cold winter and a softening of economic growth. The slight decline in the national MiMi value this month is broad-based, and not concentrated in a handful of state or metro markets.
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 Index® (MiMi®) 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'll 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. © 2015 by Freddie Mac. Information from this page may be used with proper attribution.