For the first time, Fannie Mae now expects home prices to fall next year

Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight

In their most pessimistic forecast of the year to date, economists at Fannie Mae say they now expect national home prices to decline by 1.5 percent in 2023, with home sales predicted to fall by 21 percent as Federal Reserve policymakers continue to struggle to get inflation under control.