After an unusually slow end of the year, 2014 should begin to show signs of picking up again. While year over year price gains of 20-30% should not be repeated, most feel reasonable and healthy price gains are expected, more like 6%. We also expect interest rates to creep up to the 5% range. That should not be enough to derail real estate and, in fact, probably will spur along more buyers who will realize it is not a good time to wait.
It appears most of the lower end homes have come and gone. Higher priced inventory is taking over. It is important not to be misled by median price increases that seem high since the real issue is simply a change in price point of homes being sold.
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