Key facts
- National home prices are climbing again in 2023.
- Experts forecast home prices will end 2023 with positive appreciation.
- Fannie Mae's forecast for 2023 appreciation was updated from 3.9% to 6.7%.
National home prices have resumed their climb in 2023 after a brief period of adjustment in late 2022, according to housing market experts. While prices saw dramatic and unsustainable increases in the first half of 2022, they experienced small, short-lived dips in the latter half of the year. This slight decline, amplified by media coverage, may have caused concern, but experts emphasize that prices have since rebounded and are now increasing at a more typical pace.