Home Price Forecast Shows Opportunities for Buyers

Home prices slipped just 0.1% in January, according to Cotality’s latest Home Price Insights report. Despite the small monthly dip, values are still up 0.7% compared to a year ago, only slightly below December’s 0.9% annual pace.

What’s the bottom line?
The longer-term trend is encouraging. Cotality expects home prices to rise 4.4% over the next year, pointing to potential relief in mortgage rates and ongoing buyer demand. And over time, real estate continues to build wealth. For example, a $500,000 home appreciating at 4% would gain about $20,000 in value in just one year, showing how even moderate appreciation can add up.