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The big con the real estate industry pulled off over the years is conning people into believing that your property value as a single owner occupant is something that you want going up drastically.
In reality, housing inflation largely hurts you unless you're a landlord or a real estate agent (but I repeat myself).
Most owner occupants get punished yearly by large property tax increases for their property value going up.
That's not a good thing, and single homeowner occupants are not in alignment with real estate people and landlords -- who largely want rising property values for leverage, larger commissions, or to justify rent increases.
The only potential benefits to single homeowner occupants are a bigger paper net worth, and access to credit. There's also the hypothetical benefit of selling your house in an expensive area and moving somewhere cheaper, but in reality everywhere is going up in price anyway, and if something's that much cheaper it's usually because it's terrible, there are no jobs, or both.