Fannie Mae Panel Expects Moderating Home Price Growth Through 2026

(Illustrations courtesy of Fannie Mae)

Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts forecasts home price growth will average 2.9% this year and 2.8% next year.

, according to the Q2 2025 Fannie Mae Home Price Expectations Survey.

Fannie Mae noted the panel’s latest estimates of national home price growth are revised from last quarter’s expectations of 3.4% for 2025 and 3.3% for 2026, as measured by the Fannie Mae Home Price Index. “As part of this quarter’s survey, panelists were also asked whether they expect home price growth in the 20 largest metro-area housing markets will underperform or overperform the national average in the next 12 months, as well as the probability that national year-over-year home price growth will turn negative at any point through the end of 2026,” the report said.

The HPES data sets can be found here.

Fannie Mae produces the report in partnership with Pulsenomics, LLC.