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Fortune

Lance Lambert

AEI makes a bold housing market call that U.S. home prices will jump 6% in 2023 and another 7% in 2024

United States Home Prices Housing Market Ed Pinto

(Credit: Getty Images)

The AEI Housing Center recently announced a significant upward revision to its housing market outlook, as it expects U.S. home price growth to heat back up. It now expects a 6% increase in U.S. home prices for 2023, followed by a 7% surge in 2024.

"Despite the [home] purchase activity slowdown, year-over-year house price appreciation seems to have bottomed out," wrote Ed Pinto, the director of the AEI Housing Center—an arm of the American Enterprise Institute, a center-right think tank based in Washington, D.C.

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