Freddie Mac recently released its latest Multi-Indicator Market Index (MiMi) which is showing Indiana, Alabama, New Jerset, and the Dayton, Oh. metro area are entering historic benchmarks in terms of housing activity. This data adds to what has been a strong year nationally for national Mimi values with the value currently standing at 85.7, a 5.44% year-over-year increase.
The MiMi value is still far from it's high of 121.7. Freddie Mac Deputy Chief Economist Len Kiefer explains that this has been a good year for the housing market with improvement seen across the country:
"The housing market is showing strength across the country. The South continues to show some the biggest improvements, especially in Florida. MiMi's purchase applications indicator is up more than 30 percent in Florida compared to last year. Meanwhile, in the West, the battle between low mortgage rates and rising house prices continues..."