WASHINGTON – Feb. 24, 2016 – Freddie Mac's monthly Multi-Indicator Market Index (MiMi) finds that two states – Florida and Arizona – have entered their outer range of stable housing activity.
MiMi attempts to judge housing market fundamentals – the "sweet spot" for balance – calling those markets "in range." To come up with a MiMi score, Freddie Mac says it "draws from multiple data sources, including our daily business with more than 2,000 mortgage lenders" and local market data.
According to the latest December 2015 MiMi score, Florida's index hit 80.1. Freddie considers a score between 80 and 120 to be "in range." It finds Florida "in rangRead More