Blog > Is the Housing Market Going To Crash? Here’s What Experts Say

Is the Housing Market Going To Crash? Here’s What Experts Say

by Matt Farnham

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If you’ve seen headlines or social posts calling for a housing crash, it’s easy to wonder if home values are about to take a hit.
But here’s the simple truth: the data doesn’t point to a crash — it points to slow, continued growth.
Yes, results will vary by region. Some local markets may see faster appreciation, and others could experience short-term dips. But on a national level, prices are projected to rise steadily over the next five years.

What the Experts Are Saying

Every quarter, Fannie Mae’s Home Price Expectations Survey (HPES) asks over 100 leading housing economists for their forecasts. The latest report? The experts overwhelmingly agree: home prices will climb nationally through at least 2029.

  • Average forecast: +15% growth through 2029

  • Optimistic forecast: +26% growth

  • Even the most pessimistic experts expect +5% growth

That means none of the major forecasting groups predict a crash — or even a decline — in national home prices.

What “Normal” Appreciation Looks Like

Projections show annual price gains of 2–3.5% over the next five years — slightly below the historical average of 4–5%. That’s actually a good thing.
During the pandemic, home prices skyrocketed 15–20% per year in some areas due to record-low inventory and high demand. The current pace of appreciation is more sustainable and healthy for long-term stability.

Why Prices Aren’t Expected To Crash

The biggest reason? Supply and demand.
Even though affordability remains a challenge for many buyers, there still aren’t enough homes to meet the level of demand nationwide. That ongoing shortage continues to put upward pressure on prices.
And while the broader economy may shift, the housing market has proven resilient. Over the last 50 years, despite recessions, inflation, and interest rate swings, home values have always recovered and trended upward.


What This Means for You

If you’ve been waiting to buy or sell because you’re worried about a crash, it’s time to focus on facts, not fear.
The question isn’t if home prices will rise — it’s by how much.
Let’s connect so you can understand what these forecasts mean for the Las Vegas Valley and your next move.

Schedule your Free Real Estate Checkup today.
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