Why A Housing Market Crash Isn't Coming Anytime Soon

by Jennifer Gomez

If you’ve seen headlines warning of a housing crash, take a closer look at the facts. The data shows continued, steady growth — not a collapse.

According to the Home Price Expectations Survey (HPES) by Fannie Mae, over 100 housing market experts predict home prices will rise nationally through 2029. While some areas may experience slight short-term dips, the overall trend remains upward. In fact, the forecasts show:
• Average appreciation of 15% by 2029
• Optimists project roughly 26% growth
• Even the most cautious experts still expect around 5% gains

These numbers reinforce that home values in Miami, Key Largo, and the Florida Keys are positioned for gradual appreciation, not decline.

Compared to the rapid price surges of 2020–2022, the market is now normalizing. Annual gains of 2–3.5% are sustainable, aligning more closely with long-term trends of 4–5% per year.

Why aren’t prices dropping? It comes down to low housing supply and steady demand. Even with higher mortgage rates, there simply aren’t enough homes to meet buyer needs — especially in desirable coastal areas like the Keys and South Florida.

For local homeowners, that means stability and long-term equity growth. Experts and economists agree: today’s market is balanced, healthy, and far from a crash. Realtors with The Selling Properties Group powered by LPT Realty continue to help buyers and sellers navigate these shifts confidently in Miami and the Keys.