Following national home-price growth of 5.8% in 2024, a panel of more than 100 housing experts forecasts home-price growth to average 3.4% in 2025 and 3.3% in 2026.

That’s according to the Q1 2025 Fannie Mae Home Price Expectations Survey, produced in partnership with Pulsenomics, LLC, which forecasts national home-price percentage changes in each of the coming five calendar years.

The panel’s latest estimates of national home-price growth represent revisions from last quarter’s expectations of 3.8% for 2025 and 3.6% for 2026, as measured by the Fannie Mae Home Price Index.

In tandem with the panel’s lower revisions for the next details ⇒

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