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Fortune

Lance Lambert

What to expect next from the housing market

United States Housing Market Fannie Mae Home Prices Fortune CoreLogic Morgan Stanley Zillow Goldman Sachs KPMG

Where experts think home prices will go next (Credit: Getty Images)

Heading into 2023, most housing analysts were on the bearish side. Among the 27 major forecasters, 23 expected national home prices to fall in 2023 under the weight of spiked mortgage rates. However, through the first few months of 2023, these bearish views haven't manifested.

Case in point: After declining for seven straight months between June and January, national home prices as tracked by the seasonality adjusted Case-Shiller National Home Price Index rose 0.2% in February.

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