In 2025, existing home prices are expected to see modest year-over-year growth, with most experts projecting increases of less than 2%. However, mainstream forecasts anticipate continued appreciation over the longer term, with prices rising more than 10% by 2030. Similarly, new home prices are expected to grow gradually in 2025, with growth accelerating in the following years.
Home sales volumes show a more dynamic trajectory. Existing home sales are projected to rise just over 2% in 2025 and nearly 10% in 2026, with total sales increasing by about 20% from current levels by 2030, though still below historical peak volumes. New single-family home sales are expected to dip slightly in 2025 before rebounding in 2026 and growing more than 10% by 2030.
Mortgage rates, arguably the most influential factor in today’s market, are projected to decline gradually, falling by only about one percentage point by 2030. This would offer moderate relief for buyers, but not enough to offset rising home prices. Overall, mainstream forecasts suggest that waiting to buy a home is unlikely to result in significant economic advantage.