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8 According to the FHFA house price index, from 2020 Q1 to 2024 Q1, house prices (seasonally adjusted) have increased by 49 percent. billion in 2023 and is on pace to be an $11 billion market in 2024.” ” In addition, CES mortgage products are being offered by many depository financial institutions, but definitely not universally.
The second significant event happened in June 2021, almost six months into the Biden presidency, when the Supreme Court ruled that the FHFA could no longer be independent of the presidential administration. As a result, the president at that time gained the authority to direct FHFA’s affairs like any other part of the executive branch.
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