According to Fannie Mae’s latest forecast, we can expect mortgage rates to remain elevated through 2027, with home prices on a steady climb—projected to rise about 14.7% by 2030, reaching approximately $576,000. This signals a period of moderate price growth rather than volatility, which aligns with what I’m seeing in the Michigan market and beyond. A housing crash is not anticipated, but it’s more important than ever for buyers to focus on affordability and sharpen their negotiation strategies. With over three decades advising clients and fellow professionals, I know how crucial it is to approach today’s market with both patience and a well-informed plan. Whether you’re considering your first purchase or expanding your portfolio, a thoughtful approach to these long-term trends will serve you well.
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