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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

Median home values exploded across dozens of housing markets across the country in 2021. In the third quarter, the FHFA announced that its house price index saw the largest increase since the metric was introduced in 2008. House prices increased 18.5%

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FHFA conforming loan limits increase to $806,500 in 2025

Housing Wire

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. increase over the current $766,550 cap for 2024, aligning with home price trends. The new limit reflects a 5.2%

Finance 435
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A housing boom doesn’t portend a bust

Housing Wire

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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Home prices are dropping like it’s 2009

Housing Wire

The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season. The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday.

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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year. The regulator compares home prices year over year and adjusts the limit by the corresponding amount. Ultimately, the FHFA announced a 12.21% increase in loan limits for 2023.

Finance 534
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

However, data from CoreLogic shows that the number of homes built in the Very High Fire Hazard Severity Zone (FHSZ) has declined from 5.5% over the past 15 years, but building in Moderate FHSZ has nearly doubled since 2008, and while the fire risk in this zone is less severe, it is still present.

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HW+ Member Spotlight: Stacy Esser

Housing Wire

Of course, the answer is about why this is not the same market — in any way — to post 2008. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. HousingWire: What is the weirdest job you’ve ever had?

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