Home prices remained stable from January to February, according to Cotality’s latest Home Price Insights report, with values up 0.5% compared to this time last year.
What’s the bottom line? The longer-term trend is encouraging. Looking ahead, Cotality projects home prices will climb about 4.7% over the next year, an uptick from their previous 4.4% forecast.
This reinforces a key point: real estate tends to build wealth over time. For example, a $500,000 home gaining 5% in value would add roughly $25,000 in a year, demonstrating how steady appreciation can make a meaningful impact.