If you have been wondering whether now is the right time to buy a home, you are not alone. There has been a lot of noise in the media about the housing market, and some of it can sound discouraging. But when you look past the headlines and focus on expert data, the message becomes much more positive.
The truth is, the long-term housing market outlook is encouraging. For homebuyers looking to make a move, the years ahead offer steady growth, more balance, and fewer bidding wars compared to the recent past.
Experts See Continued Growth in Home Values
According to the latest Home Price Expectations Survey from Fannie Mae, over 100 leading economists and housing experts agree that home prices are expected to keep rising over the next five years. The forecast calls for steady appreciation, not a market crash.
See the graph below for the full five-year projection.
While recent years brought fast-paced growth, experts say we are now shifting toward more sustainable increases. This creates a much more manageable and predictable environment for buyers.
What the Projections Say
The group of experts surveyed shared a range of opinions, but all pointed in the same direction: up.
The average forecast shows home prices growing about 3.3 percent per year through 2029. Some analysts expect closer to 5 percent growth annually, while more conservative estimates still project around 1.3 percent per year.
Check out the graph below to compare the optimistic, average, and cautious forecasts.
The good news is that no group of experts predicted falling home prices nationwide. Instead, all signs point to continued upward momentum, just at a pace that allows more buyers to participate in the market. It’s important to remember that homeownership is possible, even in a tough market.
What’s Supporting This Stability?
The foundation of today’s housing market is solid. Here’s why experts feel confident about the years ahead:
Most homeowners have built strong equity, which adds resilience to the market.
Mortgage lending has remained strict, so buyers are more qualified than in past cycles.
Foreclosure activity remains low.
In many areas, demand still outpaces supply.
Together, these factors help prevent the kind of instability that could lead to major price drops. That means today’s buyers can feel more secure in their decision to purchase.
Why This Is a Positive Moment for Homebuyers
If you have been waiting to see what happens next, this could be your opportunity. Slower price growth and rising inventory are giving buyers more breathing room. Many markets are becoming more balanced, which means fewer bidding wars, more choices, and the chance to negotiate. Working with a trusted lender and real estate agent can help you craft a strong offer.
While some areas may see prices flatten in the short term, others will continue to appreciate. Either way, the overall trend is moving upward, which benefits buyers who are ready to start building equity now.
Final Thoughts
The housing market is not headed for a downturn. It is moving toward steady, healthy growth that offers more predictability and opportunity for homebuyers. If you are considering a purchase, now is a great time to explore your options, especially before prices rise further over time.
Want to know what the home price forecast means in your local area? Let’s connect and take a look at the data together. With the right plan, your path to homeownership can be both exciting and rewarding.
Source: Keeping Current Matters
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