12/27/20 – Here’s a combined looked at the October showings of the main national housing indices. The numbers are breathtaking, particularly the FHFA figure at 10.2% year-over-year growth.
The macro view shows decent gains across the country 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($510,400 in most of the country and $765,600 in high-cost areas) of Fannie and Freddie.