9/28/21 – The housing numbers across the country continue to amaze. The Case-Shiller Index had its highest reading again, with Phoenix rising to the top with a year-over-year gain of 32.4% followed by San Diego at 27.8% and Seattle at 25.5%. Amazing.
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.