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Will House Prices Decline Nationally in 2025?

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Jul 14, 2025
∙ Paid

Most forecasts for 2025 were for U.S. house prices to increase modestly in the 3% to 4% range. My early view was “mostly flat prices nationally in 2025” with some areas seeing price declines. I didn’t expect either a crash in prices or a surge in prices.

With inventory increasing, year-over-year (YoY) price growth has slowed nationally, and declining …

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