patrick.net

Thanks for letting us know the market was so bad in 2014!!

Just out of curiousity, how much did prices drop near you since you wrote this post?

Cause near me, they went up 50% and rents went up too.

youareworthless says

Thanks for letting us know the market was so bad in 2014!!

Come one, you can do better than this, 2014 Price prediction

Your obsession of following me around the internet is admirable but you have to be able to read

2. As much as I hate to say this, in 2014 home prices will continue to rise. I predicted 2-5% rise in home prices for 2013, but the market, driven by very low inventory, rose between 5-12% depending on whose metrics one uses (Zillow, Corelogic, Case Schiller and others). Inventory will improve in 2014 — I believe we can get to 6 months on sale inventory for the nation—but that still won’t be enough to prevent home prices from rising. I predict a 2-5% increase in home prices. In certain regions, like California we need to watch out for a full-fledged bubble forming. Certain buyer and inventory metrics can lead to another double-digit gain in home prices, which would be very harmful to the housing market. If we get a buyer profile of 34-39% of homes in the U.S. are bought with cash and inventory stays under 6 months then we could get a repeat of the harmful housing inflation of 2013. However, the likelihood of that is minimal.