Experts Agree: Home Prices Will Keep Rising Through 2029

October 20, 2025

Hands typing on a laptop beneath overlaid house icons.

No, the Housing Market Isn’t Crashing — Here’s What the Data Says

If you’ve seen headlines or social media posts predicting a housing crash, it’s easy to wonder if home values are about to tumble. But here’s the truth:
the data doesn’t show a crash — it shows slow, steady growth.

Yes, some markets will rise faster than others, and a few may see slight, short-term dips. But overall, home prices are expected to climb nationally through at least 2029.

The Real Story Is in the Expert Forecasts

Each quarter, Fannie Mae’s Home Price Expectations Survey (HPES) gathers insights from over 100 leading housing market experts. Their latest report shows a clear consensus — prices are projected to increase year after year (see graph below):

📊 Every single bar represents growth, not loss.

The pace of appreciation will vary, but the direction is consistently upward.

When you break it down further:

Overall: Home prices are expected to rise about 15% by 2029.
Optimistic Forecasts: Predict around 26% appreciation.
Even the Pessimists: Expect prices to rise roughly 5%.

👉 What stands out? None of these experts forecast a price decline — not even the most conservative ones.

How This Compares to “Normal”

Looking back over the past 25 years, average home price appreciation has been around 4–5% annually.
The projections for the next five years — roughly 2–3.5% per year — are a little slower, but far more sustainable.

This return to balance is healthy for the market. The rapid 15–20% price spikes of 2020–2022 were never meant to last. What we’re seeing now is a normalization — not a collapse.

Why Prices Aren’t Expected To Crash

A lot of crash fears come from the old idea that “what goes up must come down.” But history tells a different story — home prices almost always rise over time.

The key difference between now and 2008 comes down to supply and demand.

There are still too few homes to meet buyer demand.
Homeowners today have record levels of equity and much stronger loan standards.
And while affordability challenges have slowed some buyers down, demand hasn’t disappeared — it’s just been delayed.

That ongoing imbalance keeps upward pressure on home prices nationally.

As a result, the experts agree: we’re not heading for a price crash. We’re heading for steady, long-term appreciation.

The Bigger Economic Picture

Even when the economy faces bumps, housing tends to recover and strengthen over time.
Over the past 50 years — through recessions, rate hikes, and inflation — the housing market has always rebounded.

Today’s conditions point to the same pattern: a period of adjustment, followed by a stable climb.