According to the latest data from Fannie Mae, 23% of Americans still believe home prices will drop in the next 12 months. But why do nearly 1 in 4 people feel this way?
A lot of it comes down to the ongoing impact of negative headlines. Since late 2022, the media has circulated concerns about a potential housing crash, and those fears have stuck around — even as the data tells a different story.
Whether it’s friends, family, or social media influencers, many people are still talking about falling home prices. But before you buy into the fear, ask yourself this:
“Which is a more reliable source — clickbait headlines and social media opinions or trusted housing market experts?”
Why You Should Trust the Experts
Housing economists and real estate professionals are all reporting the same trend: home prices may have dipped slightly in late 2022, but that was short-lived. According to Fannie Mae, home prices have already rebounded in 2023:
And Fannie Mae isn’t alone. Experts across the industry have revised their forecasts upward, showing growing confidence in a positive year-end for home values. Just take a look at these projections:
Of note, Fannie Mae recently adjusted their year-end appreciation forecast from 3.9% to 6.7% — a substantial increase that signals just how optimistic the experts have become.
What This Means for You
If you’ve been waiting to buy a home because you think prices will drop, it may be time to rethink that strategy. The professionals — not the headlines — are saying home prices are trending upward, not down.
Bottom Line
There’s been a lot of noise and misinformation about home prices over the past year, and that confusion is still influencing public opinion. But when it comes to real estate, facts matter more than fear.
If you want accurate, up-to-date insights about the housing market — especially in your area — connect with a trusted local real estate expert who can guide you based on the real numbers.
