South Tampa Real Estate Report
South Tampa Real Estate Market Report | 12/1/24 - 12/7/24
In an effort to keep up with rising home prices, the Federal Housing Finance Agency ("FHFA") is raising the conforming loan limits for Fannie Mae and Freddie Mac to $806,500 for 2025. That's a $39,950 increase over the 2024 limit. The increase will provide buyers with more buying power before having to jump into the more complex and sometimes more expensive jumbo market. The Federal Housing Administration ("FHA") took similar steps by increasing the FHA loan limit to $524,225 for 2025. Have a great week!
Michael Palermo
