The U.S. housing market is defying earlier projections of significant national home price declines. At least that's according to Fannie Mae.
Last week, Fannie Mae released its revised housing forecast, which projects that national home prices as measured by the Fannie Mae Home Price Index will decrease by 1.2% in 2023 followed by an additional 2.2% decline in 2024. Back in February, Fannie Mae had predicted that national home prices would fall 4.2% in 2023, followed by another 2.3% dip in 2024.
