6/25/21 – All three indices register high double-digit year-over-year growth. For the Case-Shiller Index, Phoenix, San Diego, and Seattle once again led the way. According to the Federal Housing Finance Agency, the Mountain region showed the greatest year-over-year growth in prices at 20.6%.
The macro view shows incredible gains across the country in all metro areas. As expected, the FHFA index shows the strongest growth. To note, the FHFA is the overseer of Fannie and Freddie Mac. This may be since this index only tracks home purchases where the underlying mortgages are within the conforming loan limits($548,250 in most of the country and $822,375 in high-cost areas) of Fannie and Freddie.