Cotality, who analyzes housing market activity, reported that home prices went up just 0.1% in June, which is lower than expected and the weakest June increase since 2008.
They predict home prices will rise 0.5% in July and go up 4.2% over the next year, assuming interest rates will drop, boosting demand and pushing prices higher.
Quick math on a 4% expected increase of appreciation on a $500,000 home means gaining over $20,000 in value in a year.