Via the latest data from Corelogic as detailed in this item at the Wall Street Journal economics blog come more reasons to think that the 2012-2014 surge in home prices has about run its course. Any investor (a key driver in the housing market rebound) looking at the graphic below probably isn’t thinking that now is the time to buy.
It seems the important question is whether they think now is the time to sell.
There are a growing number of anecdotal reports about investors and “accidental landlords” (those who rented out property in recent years rather than selling at a loss) who are cashing in. A good example is this Denver Post story where investors are said to be “selling like crazy”, all of which will make for an interesting conclusion to the summer.