Homeownership Remains a Solid Wealth Building Opportunity

In January, home prices across the nation saw modest increases. According to CoreLogic, there was a 0.04% rise and a 3.3%annual increase, while ICE reported a 0.12% rise and 3% annual growth.

What’s the bottom line?
CoreLogic anticipates that prices will remain steady in February, with a projected increase of 3.6% over the next year. This aligns with other forecasts predicting approximately 4% appreciation for the year. Such expectations affirm that homeownership is an effective means for Americans to accumulate wealth. For example, a home valued at $600,000 appreciating by 4% in a year would result in a $24,000 gain, illustrating a solid return on investment.