If you've been watching the headlines lately, you've probably seen a lot of talk about a possible housing market crash. But when you dig into the facts, the reality looks much different than the dramatic narratives being pushed online.
Let’s break it down – and talk about what experts are really projecting for the next few years in markets like Tacoma, Puyallup, Sumner, Auburn, and other parts of South King and Pierce County.
Yes, Prices May Flatten in Some Areas – But That’s Not a Crash
As inventory grows in areas like Bonney Lake or Des Moines, it’s normal for home prices to cool off a bit. That doesn’t mean values are plummeting — it just means we’re shifting into a more balanced market.
And that’s a good thing.
What Experts Are Really Predicting
More than 100 leading economists, housing researchers, and real estate professionals were recently surveyed by Fannie Mae in the latest Home Price Expectations Survey (HPES). Here’s what they had to say:
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The average annual price appreciation through 2029 is expected to be about 3.3%.
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The more optimistic experts project closer to 5.0% annual growth.
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Even the most conservative estimates still suggest a 1.3% yearly increase.
And here’s the big picture: not a single expert panel forecasted a housing crash. Not one.
Why Stability Is the New Normal
The housing market across cities like SeaTac, Burien, Normandy Park, and Lake Tapps is stabilizing — and that’s not something to be afraid of. In fact, a slower, steady appreciation is far healthier than the overheated price surges we saw in recent years.
Plus, with strong lending standards, low foreclosure activity, and homeowners sitting on significant equity, there’s no indication of a collapse on the horizon.
So if you’re holding off on buying a home in hopes that prices will drop dramatically, you may be waiting longer than expected.
What This Means for You
In areas like Auburn, Tacoma, and Sumner, buyers still have opportunities — especially with inventory climbing. And sellers can feel more confident knowing that home values are expected to rise over time, even if at a more modest pace.
If you’re looking to stay informed and explore your options, check out local market trends and get personalized guidance for your next move.
