flexiblefullpage - default
Currently Reading

Will Fannie & Freddie’s Conforming Loan Limit Increase in 2023? If So, By How Much?

billboard - default
Housing Policy + Finance

Will Fannie & Freddie’s Conforming Loan Limit Increase in 2023? If So, By How Much?

Economists are watching sales and prices for what the new limits may be

August 4, 2022
A person types on a calculator.
Photo: Stock.adobe.com

House prices have increased again over the past year, and economists are calculating how much the Fannie & Freddie conforming loan limits (CLL) might increase in 2023 and also how much the Federal Housing Administration (FHA) insured loan limits will go up. Bill McBride of The Calculated Risk Blog is watching the data for the different loan limits for different geographical areas, as well as the number of units (1 to 4 units) in those areas.

We need the house price data through September 2022 to calculate the conforming loan limit for 2023. This quarterly data will be released in late November.

Based on the current year-over-year house price change, the CLL could be close to $760,000 in 2023. However, year-over-year (YoY) house price growth is clearly slowing, and it is possible the CLL will be in the low-to-mid $700 thousand range for 2023.

Read more

Related Stories

Land Planning

Across the Country, Developers Are “Fighting for Land”

A strong demand for homes and a lack of supply will mean land prices will continue to rise

Housing Policy + Finance

Moody's Analytics: 210 Regional Housing Markets Were Overvalued by More Than 25% in the 2nd Quarter of 2022

A housing correction looms, with some markets seeing housing activity slowing and home prices falling

Housing Policy + Finance

Are Starter Homes a Thing of the Past?

The rising costs of land, materials, and fees are making it nearly impossible to build affordable housing for first-time buyers

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.