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 national MiMi reached a healthy score of 85 in June, up 5.76 percent year-over-year.
  • New York City’s MiMi in June is on the lower end of the healthy range, at 83.9.
  • NYC scored low in the categories of payment-to-income and current on mortgage.

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.

[Tweet “Freddie Mac notices rising housing activity in Georgia metros”]

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

Screen Shot 2016-09-06 at 2.38.31 PM

New York City’s MiMi in June is on the lower end of the healthy range, at 83.9 — up 0.72 percent from the month prior. Over a three-month period, NYC’s MiMi increased 2.44 percent. Over the course of a year, it boosted 7.43 percent.

Screen Shot 2016-09-06 at 2.39.52 PM

NYC scored “healthy” for purchase applications (82.2) and employment (116.2). 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, which fell 2.17 percent from May.

Email Jennifer Riner

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