Cotality released their Home Price Insights report for the month of March, and it showed that home prices across the country rose 0.6% month over month and 2.5% year over year. Going forward, Cotality forecasts that home pricing will increase 0.9% in their next monthly report and a strong 4.9% over the next twelve months, which is a large increase from their previous forecast which was 4.2%.

Prices are still rising in the Northeast. States like Rhode Island, Connecticut, and New Jersey saw price growth of 7% or more, while states like Utah and Idaho saw price drops of over 2%.

Experts say some areas, especially in the Northeast and Midwest, are holding strong due to a shortage of homes for sale. These areas remain more affordable, with average prices around $230,000.

In Georgia, home prices hit new highs, and growth may continue as people move south. In Florida, prices fell slightly in March, and some markets, like Winter Haven, are seen as risky. Still, Florida is one of the most expensive states, with a median home price of $395,000.

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