Instinctively we all know a home will grow in value over the long-term... that's what makes a home such a great investment. That said, homes values really increase at roughly the pace of inflation. This is often disguised by housing's boom and bust cycles.
- Home values appreciate long-term
- Research shows home values are relatively stable once adjusted for inflation
- Be cautious over estimating the impact of boom and bust cycles
- Don't refinance to spend short term gains like a windfall