Home prices shot up 7% year-over-year in October – up 0.9% from September. They are anticipated to rise 4.2% through October 2018.
As of Jan. 1, nearly every area of the U.S. will see FHA limits increase. FHA is required by law to set Single Family forward loan limits at 115 percent of median house prices, subject to a floor and a ceiling on the limits. With rising home prices, 3,011 counties will see increases in 2018.