By now it should be clear to everyone that a multi-year home price rebound started in January of 2012. It should also be obvious to everyone that home prices in 2013 are on a tear. The rest of 2013 will remain strong, with rising home prices. The data is already in and it is very clear.
There are always bearish readers who object to the characterization of a hot real estate market. They’re generally expecting 2014 and beyond for home prices to fall again. This bearish housing argument usually includes anecdotes about the fragility of the rental market, and that investors have been driving purchase demands and now we’re flooded with rentals. Rents must fall. Here is a look at the Florida data. Here’s what we found.