Fannie Mae predicts home price shift

Fannie Mae’s latest forecast points to steady changes ahead: mortgage rates are expected to remain elevated through 2027, and home prices could rise about 14.7% by 2030, reaching an average of $576,000. While the pace of price growth appears moderate, a major downturn isn’t anticipated. For those navigating the Massachusetts or Rhode Island markets, I always encourage a close focus on what fits your budget and to look for negotiation opportunities. Having guided clients through a wide range of price points, I know how important it is to balance long-term value with current affordability—especially in a shifting market.