Does It Make Sense To Buy a Home Right Now?
Thinking about buying a home? You’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information to help.
What’s Next for Home Prices?
Each quarter, Fannie Mae and Pulsenomics publish the Home Price Expectations Survey (HPES). Over 100 experts—economists, real estate professionals, and investment strategists—share their projections for home prices.
In the latest survey, experts expect home prices to continue rising for the next five years:
The green bars show that price declines are not expected. Instead, home values are projected to rise 3–4% annually. Even though 2025 may see slightly smaller gains than 2024, these increases compound over time.
For example, if your home grows by 3.78% this year, it could increase another 3.36% next year, and 3.87% the following year.
What Does This Mean for You?
Knowing that prices are forecasted to rise should make you feel confident about buying a home. Your home is an asset expected to grow in value.
Here’s a visual using HPES projections:
If you bought a $400,000 home today, these projections suggest you could gain over $83,000 in household wealth over the next five years. Waiting may cost you more as home values continue to rise.
Bottom Line
If you’re ready and able, buying now might make sense. Your home is expected to continue appreciating in value. Let’s team up to start looking for your next home today.
