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Prospective buyers waiting for the housing market to cool down shouldn’t hold their breath.

Home-price inflation will slow from last year’s peak of 11.4% but remain elevated as the market boom charges forward, according to economists surveyed by the Urban Land Institute in May. The estimates for average price growth in 2021 and 2022 were revised higher to 8.1% and 5%, respectively, and price growth is forecasted to reach 4% in 2023, landing just below the country’s 20-year average but still outpacing broader inflation measures.

ULI, which calls itself the world’s oldest and largest network of real details ⇒

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