The Mortgage Bankers Association expects prices to move higher through 2026.
House prices in the U.S. are expected to edge higher by more than 1 percent this year and in 2024, before posting more significant annual gains, according to the latest forecast by the Mortgage Bankers Association .The group, which represents the real estate finance industry, said house prices across the country are expected to continue growing in the next three years at a progressively higher rate, reaching increases of 3.2 percent in 2025 and 3.5 percent in 2026.
After that, the market underwent what experts called a 'correction' that brought prices down across the country, especially in the most overheated cities like Austin, Texas. Between January 2020 and June 2022, home prices in Austin had surged by 78 percent.But as inventory remained limited across the country, with the number of listings active at any time still historically low, and demand remaining high, house prices started bouncing back by early this summer.
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