Black Knight’s Home Price Index hit an all-time high in June, with “nearly every major market experiencing month-over-month growth.” Home prices rose 0.7% in June and they are now up 0.8% on an annual basis, with appreciation at 2.9% through the first six months of this year. At this pace, prices are on track to appreciate 5.8% in 2023.

What’s the bottom line? The latest rise in home prices reported by Black Knight mirrors the strong growth that’s also been noted by Case-Shiller, CoreLogic, Zillow and the Federal Housing Finance Agency in their respective indexes. These gains are a far cry from the housing crash that many media pundits had forecasted and show that opportunities exist right now to build wealth through homeownership and appreciation.