Expert Panel Anticipates Home Price Growth Will Moderate

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) released its Q3 2025 Home Price Expectations Survey (HPES), showing experts project home price growth to moderate in the coming years. The survey, conducted with over 100 housing experts, forecasts average home price growth of 2.4% in 2025 and 2.1% in 2026, down from previous quarter's estimates of 2.9% and 2.8% respectively.

This follows a stronger 5.3% growth in 2024. The survey also explored factors driving home price deceleration, first-time homebuyer age trends, mortgage rate triggers for sales activity, and younger buyers' views on homeownership.

["Survey indicates continued home price growth, albeit at a moderate pace", "Large expert panel (100+ housing experts) provides comprehensive market insights", "Housing market showing stability with positive growth projections for 2025-2026"]

Positive

• None.

Negative

• Downward revision in growth forecasts from previous quarter
• Significant slowdown in price growth expected (from 5.3% in 2024 to 2.4% in 2025)
• Housing market showing signs of cooling

WASHINGTON, Sept. 30, 2025 /PRNewswire/ -- Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts forecast home price growth to average 2.4% in 2025 and 2.1% in 2026, according to the Q3 2025 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The panel's latest estimates represent revisions from last quarter's expectations of 2.9% for 2025 and 2.8% for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI). As part of this quarter's survey, panelists were also asked for their opinions on the factors driving home price deceleration, the age trend for first-time homebuyers, the mortgage rate level that might trigger a significant acceleration in home sales activity, and the importance of homeownership to younger potential homebuyers.

The full HPES data sets and special topic research can be found here.

Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group, Pulsenomics, LLC, and the surveyed experts included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

About Fannie Mae's Home Price Expectations Survey
Fannie Mae's Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC, polls more than 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, with the Fannie Mae Home Price Index as the benchmark. On a quarterly basis, Fannie Mae plans to publish the latest panelist-level expectations. The Q3 2025 HPES had 114 respondents and was conducted by Pulsenomics, LLC, between August 11, 2025, and August 25, 2025.

About the ESR Group
Fannie Mae's Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumers and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets.

About Pulsenomics
Pulsenomics^® is an independent research and index product development firm that leverages expertise in data analytics, opinion research, financial markets, and economics to deliver insight and market intelligence to institutional clients, partners, and the public at large. To learn more, visit pulsenomics.com.

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SOURCE Fannie Mae

FAQ

What is Fannie Mae's home price growth forecast for 2025?

According to Fannie Mae's Q3 2025 survey, housing experts forecast average home price growth of 2.4% in 2025, revised down from the previous quarter's expectation of 2.9%.

How much did home prices grow in 2024 according to Fannie Mae?

According to the survey, national home price growth was 5.3% in 2024.

What is the projected home price growth for 2026 by FNMA experts?

The expert panel projects home price growth of 2.1% in 2026, revised down from the previous forecast of 2.8%.

What topics were covered in Fannie Mae's Q3 2025 Home Price Expectations Survey?

The survey covered factors driving home price deceleration, first-time homebuyer age trends, mortgage rate triggers for sales activity, and younger buyers' views on homeownership.

How many experts participated in Fannie Mae's Q3 2025 housing survey?

The survey included input from more than 100 housing experts.