Although Case-Shiller usually receives more attention, the FHFA index will be a focus on Tuesday - since the quarterly FHFA Expanded-Data Indexes (Estimated using Enterprise, FHA, and Real Property County Recorder Data Licensed from DataQuick for sales below the annual loan limit ceiling) is used to set the Fannie and Freddie conforming loan limits (CLL), and the FHA insured limit.
For 2023, the CLL for one-unit properties was set at $726,200, and for high cost areas the ceiling loan limit for one-unit properties was $1,089,300.
Based on the monthly FHFA index, the CLL will probably increase around 6% for 2024 to around $770,000, and to $1,155,000 for high cost areas.
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