US home prices are forecast to ↑ 3.5% annually through 2027, the slowest since 2011. Tariffs are expected to reduce construction of budget homes, with 90% of analysts predicting fewer builds

Despite Fed rate cuts, 2025’s housing market remains a “stuck pig,” trapped by affordability and structural issues. Median home prices remain 4.2x median income; price gains forecast between 0.6% and 6.1% for 2025.

Salt Lake City prices likely to flatten or dip as post-pandemic migration slows. New builds and resale listings ease supply crunch seen in boom years.