Understanding Fannie Mae’s Home Price Expectations Survey (HPES): Key Insights for Buyers and Sellers
Fannie Mae, in collaboration with Pulsenomics, LLC, delivers quarterly insights into the U.S. housing market through the Home Price Expectations Survey (HPES). This comprehensive survey polls over 100 housing experts from diverse backgrounds, including industry leaders and academics, to forecast national home price changes for the next five years. The Fannie Mae Home Price Index (FNM-HPI) serves as the benchmark for these projections.
In addition to annual forecasts, the survey includes a quarterly special topic report, offering valuable respondent feedback on pressing industry questions. This feature aims to provide actionable insights for professionals and stakeholders across the housing sector.
Q4 2024 Average Annual Home Price Growth Expectations
- 2024: 5.2% growth
- 2025: 3.8% growth
- 2026: 3.6% growth
These projections reflect panelist consensus on steady but moderating growth, signaling a potentially stabilizing market after recent volatility.
Why the HPES Matters
The survey's findings not only guide real estate professionals and policymakers but also empower buyers and sellers with data to make informed decisions. Visual data, such as the Dispersion of Home Price Expectations, further illustrate potential scenarios, offering a nuanced understanding of market dynamics.
About Pulsenomics
Pulsenomics® is an independent research and analytics firm specializing in financial and housing market intelligence. By combining data expertise with opinion research, they provide insightful products and services for institutional clients and the public. For more details, visit pulsenomics.com.
For access to the full survey data, special topic reports, and historical summaries, visit the official Fannie Mae HPES page at fanniemae.com.
By staying informed, you can anticipate housing trends and adapt to the evolving market landscape.