Market Forecasts
5-year forward projections for housing-market fundamentals across leading indicators.
Base Case — 5 Year Forecast
Price Growth · Base Case projection
Dashed line = historical mean reference. Shaded band = confidence range.
Market-Level Forecasts
Key Forecast Drivers
Mortgage Rate PathHigh
The 30-year anchoring in the high-6s keeps affordability tight; a sustained move toward 6% would unlock pent-up demand and lift volume.
Inventory RebuildHigh
Months of supply climbing toward balance caps how fast prices can rise, especially in overbuilt Sun Belt metros.
Household FormationMedium
Millennial and Gen-Z household formation continues to outpace new supply in most metros, underpinning demand.
Builder DisciplineMedium
A permit pullback limits new completions into 2026–27, supporting prices for existing inventory.
Affordability CeilingLow
Price-to-income near 5x in top metros limits how far prices can run without income growth or lower rates.
Forecasts are generated using proprietary models incorporating supply pipeline data, demographic trends, capital markets conditions, and macroeconomic factors. All projections carry inherent uncertainty. Not investment advice. Consult a licensed advisor before making investment decisions based on this data.