First, house prices increased in 2018. And then..this:
"FHA recently announced a new schedule of mortgage loan limits for 2019, effective for case numbers assigned on or after January 1, 2019. As a result, most areas of the country will experience an increase in loan limits for affected loans.
For calendar year 2019, as explained further below, in high cost areas of the country, FHA’s loan limit ceiling will increase to $726,525 (from $679,650)."
Yay...party!!!...whooops..!
http://www.jdsupra.com/legalnews/fha-announces-new-loan-limits-for-2019-56773/
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