The conforming loan limits were recently announced and in our area the max conforming loan limit for one unit was raised to $970,800. For details we would highly recommend talking with your bank’s mortgage department or a lender. Take a look below for more information.
High-Cost Area Limits
For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit (Los Angeles County fits into this criteria) , the applicable loan limit will be higher than the baseline loan limit. HERA establishes the high-cost area limit in those areas as a multiple of the area median home value, while setting a “ceiling” at 150 percent of the baseline limit. Median home values generally increased in high-cost areas in 2021, which increased their CLL. The new ceiling loan limit for one-unit properties will be $970,800, which is 150 percent of $647,200.
For Los Angeles County the numbers are
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One-Unit Limit
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Two-Unit Limit
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Three-Unit Limit
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Foour-Unit Limit
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Los Angeles County
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$970,800
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$1,243,050
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$1,502,475
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$1,867,275
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National Baseline
The Housing and Economic Recovery Act (HERA) requires that the baseline CLL for the Enterprises be adjusted each year to reflect the change in the average U.S. home price. Earlier today, FHFA published its third quarter 2021 FHFA House Price Index® (FHFA HPI®) report, which includes statistics for the increase in the average U.S. home value over the last four quarters. According to the nominal, seasonally adjusted, expanded-data FHFA HPI, house prices increased 18.05 percent, on average, between the third quarters of 2020 and 2021. Therefore, the baseline CLL in 2022 will increase by the same percentage.
was designed by KAA architects and built by Baldwin Construction. This incredible home sits on a double lot in this ideal north Hermosa location basically equidistant from both the Hermosa and Manhattan Piers. The location offers a bit quieter feel than areas closer to the piers. The home offers 5 bedrooms, 4 baths on 3 levels. The oversize lot allows for plenty of room as well as some private outdoor areas including the pool and spa with views through the house at the beach and ocean beyond.
the number of homes that sold in most South Bay cities and the home prices were record setting once again. The South Bay real estate market definitely remains a very favorable to sellers. 
off the market for years. 425 Paseo De La Playa was an “estate” style property from the gated entrance, long driveway, outbuildings and more. It was also a bit of a fixer as some of the projects and updates hadn’t been completed. The home was originally listed in 2019 for $10,000,000, pulled off of the market and brought back out in 2020 for an increased price (?) of $12,000,000. The lot is unbelivable and extended all the way down to the sand. Unlike 
over 4,000 square feet and offers a great location in north Hermosa. Hermosa Ave is a fairly busy street but that hasn’t seemed to impact prices in years and this home is listed at a pretty significant $8,295,000 which is rarified air for anything not located beach front. The single family home is located in the north 