8/30/21 – Absolutely giddy housing numbers across the country for June. The Case-Shiller Index had its highest reading in more than 30 years, with Phoenix rising to the top with a year-over-year gain of 29.3% followed by San Diego at 27.1% and Seattle at 25%. 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.