CoreLogic is forecasting home prices to appreciate 1.2% in May and 5.6% moving forward for the rest of this year. This would be a slight decrease from almost 6% in the previous report and a little behind most other forecasts. However, even if CoreLogic is correct and we see closer to 5% appreciation, this is still very supportive of home pricing. This could also be very beneficial to wealth creation. For example, if you were to purchase a $400,000 home and put down 10% or $40,000 you would gain $20,000 in appreciation over the next year, earning you a 50% return on your investment.
There may be pockets of locations that deviate from these national numbers, but this report and many other reports establish that it is evident that the housing market continues to be resilient and is still very hot.
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