Fannie Mae's Economic and Strategic Research Group, in collaboration with Pulsenomics, LLC, has released its latest Home Price Expectations Survey for Q2 2025. According to the survey, national home price growth is anticipated to moderate in the coming years, with a projected average increase of 2.9% in 2025 and 2.8% in 2026. These figures represent a downward revision from the previous quarter's estimates of 3.4% for 2025 and 3.3% for 2026. The survey, which gathered insights from over 100 housing experts, also explored expectations for the 20 largest metro-area housing markets and assessed the likelihood of national year-over-year home price growth turning negative by the end of 2026. The findings underscore a trend towards more modest home price increases following a 5.3% growth in 2024.