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                        Research and Insights
                        Home Price Expectations Survey (HPES)
    Home Price Expectations Survey (HPES)
Fannie Mae's Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC, polls over 100 housing experts across the industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, with the Fannie Mae Home Price Index as the benchmark. On a quarterly basis, Fannie Mae will publish the latest panelist-level expectations, as well as a special topic report that includes respondent feedback on topical questions designed to help inform the broader housing industry.


Q1 2024 Panelist Average Annual Home Price Growth Expectations
    
  


2024

3.8%
              2025

3.4%
              2026

3.9%


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Learn more: Access the latest panelist-level expectations data, special topic report, and historical summary table.

**About Pulsenomics**
Pulsenomics® is an independent research and index product development firm that leverages expertise in data analytics, opinion research, financial markets, and economics to deliver insight and market intelligence to institutional clients, partners, and the public at large. To learn more, visit pulsenomics.com.

*The information in this report was collected from third parties and compiled by Pulsenomics LLC. Panelists’ expectations do not necessarily represent those of their affiliated organizations or employers. Opinions, analyses, estimates, forecasts, and other views of the surveyed experts should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Neither Pulsenomics nor Fannie Mae makes any representations as to the accuracy or completeness of the information contained herein and has no obligation to update, modify or amend this report or to otherwise notify a recipient thereof in the event that any forecast or estimate set forth herein changes or subsequently becomes inaccurate. This report is provided for informational purposes only. It is not an offer or a solicitation of an offer to buy or sell any financial instruments. If this report is reproduced, distributed or published by any third party for any purpose, Pulsenomics LLC must be noted as the source within any such third party reproduction or publication.*
  
  
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**Related Links**

Q1 2024 HPES results press release
	Q1 2024 panelist-level expectations data file
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To receive e-mail updates regarding future HPES updates and other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here.

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