Fannie Mae predicts home price shift

Mortgage rates are expected to remain high through 2026 and 2027, while home prices are predicted to gradually increase by about 14.7% over the next five years, reaching an average of around $576,000 by 2030. Prices surged during the pandemic due to low mortgage rates and high demand, but future increases will be more moderate. A housing crash is unlikely, so buyers should focus on affordability and negotiating in buyer-friendly markets.