Home Economics projects national home price appreciation of 1.6% in 2026, placing our forecast in the 15th percentile of historical outcomes and 31st percentile relative to panel economists. Over the full five-year forecast horizon (2025-2029), we expect cumulative appreciation of just 8.9%—a figure that falls in the 13th percentile of all historical five-year periods since 1975 and dramatically below the panel consensus of approximately 20%.
