2/23/21 – The December housing numbers across the country are, again, truly breathtaking. For the Case-Shiller Index, Phoenix, Seattle, and San Diego once again lead the way.
The macro view shows incredible gains across the country in all metro areas even in this time of crisis. 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.