Alright, home buyers –
Based on my non-scientific bubble graph, I believe it’s finally an acceptable time to buy a home. This applies only to those of you who intend to live in your homes for at least five years.
If you are a flipper, don’t bother buying. Home prices are going to stay pretty flat, with modest growth beginning next year. If home prices do increase, it will be to match inflation. But remember, home prices are tied to salaries, and even if we do see 12% inflation this year, it may not translate to a 12% increase in home prices because people’s salaries won’t likely climb until a few years from now.