Where Fannie Mae expects U.S. home prices to go through 2024

Year-over-year change in U.S. home prices

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The shaded area represents Fannie Mae's forecast. Fannie Mae expects U.S. home prices to fall -1.2% between Q4 2022 and Q4 2023, and then another -2.2% between Q4 2023 and Q4 2024.

Chart: Lance Lambert SOURCE: Fannie Mae Home Price Index; Fannie Mae's May 2023 housing forecast