For a general idea of just how much the prices of homes have risen in the past 26 years take a look at Fannie Mae’s historical loan limits from 1980 – 2006. Interestingly between 1980 and 1990 home prices more than doubled. Between 1990 and 1996 prices remained relatively stagnant. And between 1996 and 2006 they doubled again.
It looks like the loan limit for last year was set in November. Since home prices are leveling off it’ll be interesting to see what happens this year.
Historical Loan Limits