Single-family home prices increased 1.4% in the first quarter compared with the second quarter and were up 5.2% compared with the first quarter of 2024, according to Fannie Mae’s home price index.
The pace of home price growth has been fairly steady during the past year, the firm says, but is expected to moderate in 2025 and 2026.
In 2024, national home price growth reached 5.8%.
The index is produced by aggregating county-level data to create both seasonally adjusted and non-seasonally adjusted national indices that are representative of the whole country and designed to serve as indicators of general single-family home price trends.
A panel of more than 100 housing experts forecast home price growth to average 3.4% in 2025 and 3.3% in 2026, in Fannie Mae’s latest Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics.
The panel’s latest estimates of national home price growth represent revisions from last quarter’s expectations of 3.8% for 2025 and 3.6% for 2026.
Photo: Max Harlynking