Home prices inched up 0.4% from February to March, according to Cotality’s latest Home Price Insights report, and are also 0.4% higher than this time last year.
What’s the bottom line? The longer-term outlook remains positive. Cotality now expects home prices to rise about 5.1% over the next year, slightly higher than their previous 4.7% projection. This underscores an important idea: real estate can build wealth over time. For instance, a $500,000 home appreciating by 5% would gain about $25,000 in a year, showing how steady growth can add up.