Home Price Still Soaring

Case Shiller the gold standard of home price appreciation revealed that homes prices have risen by 20% nationally. Here in Denver our prices rose by a new record high of 21.5% in the last 12 months.

The FHFA House Price Index rose 18.5% from August 2020 to August 2021. This report is what directly impacts the national conforming loan amount limits and the September report released at the end of November will set the national conforming loan amount for 2022. It the September reading shows appreciation rate of 18.5% the new conforming loan amount will be $650k.I expect our High Balance Loan Limit will be around $700k.