Washington Report

Advocacy Updates from Washington D.C.

NAR Comments On Home Price Index

On July 27, 2015, 2015 NAR President Chris Polychron submitted comments regarding changes to the national loan limit price index in response to a Federal Housing Finance Agency (FHFA) request.  The national limit determines the individual loan limits available under the GSEs and FHA and VA loan programs.  Each year the FHFA adjusts the loan limits based on market changes. FHFA requested input on the methodology used to determine the appropriate national limit.  NAR recommends a multifaceted methodology that accurately reflects price growth in markets while also ensuring that accurate limits are maintained.  The 2016 limits are expected to be published in October.

NAR’s Comment Letter