WASHINGTON–Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts is forecasting home price growth to average 2.4% in 2025 and 2.1% in 2026.
According to the Q3 2025 Fannie Mae Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, the panel’s latest estimates represent revisions from last quarter’s expectations of 2.9% for 2025 and 2.8% for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI).
Additional Factors
“As part of this quarter’s survey, panelists were also asked for their opinions on the factors driving home price deceleration, the age trend for first-time homebuyers, the mortgage rate level that might trigger a significant acceleration in home sales activity, and the importance of homeownership to younger potential homebuyers,” Fannie Mae said.
The full HPES data sets and special topic research can be found here.
