Recent data from Cotality (formerly known as CoreLogic) shows home prices edged up 0.1% from May to June and increased 1.7% year-over-year. ICE also reported similar trends, with a 1.3% annual price gain in early June.
What’s the bottom line? While home price growth has moderated compared to recent years, industry experts remain confident in the market. Cotality is projecting a 0.5% rise in prices for July and anticipates a healthy 4.2% increase over the next 12 months.
This continued appreciation underscores why real estate is still one of the most reliable ways to build long-term wealth. For example, a $500,000 home appreciating at 4% would gain $20,000 in just one year – highlighting the strong return potential ofhomeownership.