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You’ve probably seen the headlines warning of a housing market crash. But they’re not giving you the full story. The truth is much more balanced – and far less dramatic.
Yes, some local markets are seeing prices level out or dip slightly as more homes become available. That’s normal in a shifting market. But nationally, the outlook is steady and strong. Over 100 top housing experts surveyed in the latest Home Price Expectations Survey (HPES) from Fannie Mae project continued price growth over the next five years—just at a healthier pace than recent years.
Here’s what they forecast:
- Average projection: 3.3% price growth per year through 2029
- Optimists: Closer to 5.0% annually
- Even the most conservative estimate: Still around 1.3% growth per year
No one is calling for a major national decline.
That’s a good thing for homeowners and buyers alike. More moderate, sustainable growth creates a healthier housing market. And with inventory still tight in many areas, prices in some neighborhoods are expected to rise faster than the national average.
A few other reasons experts don’t foresee a crash:
- Foreclosures remain low
- Lending standards are strong
- Homeowners have near-record levels of equity
These factors help stabilize the market and protect against widespread price drops.
If you’ve been waiting on the sidelines for a crash before making a move—you might be waiting a long time. The market is moving forward, not falling apart.
At Evergreen Home Loans™, we’re here to help you make informed decisions based on your local market. National trends set the stage, but what really matters is what’s happening in your neighborhood.
Let’s talk about what that looks like in your zip code. Reach out to your local Evergreen Loan Officer today.
Source: KCM
