Not sure how you want to view this link to Freddie Mac’s take on the market for 2013 given their recent history, but I find it interesting that just about every sector and every publication is trumpeting this “undeniable” rebound in the housing market (You’ll be seeing more of these from me this week just to show you the scope of the opinion). I may be among the few who still wants to take a cautious approach. Should you buy? Sounds simplistic, but the answer is: only if it makes sense for you, both from an emotional (lifestyle) and financial perspective. But if your investment is for the long-term, even with peaks and valleys ahead (and there will be), a likely gradual upwards trajectory in prices is going to make you a happy person years from now.
Here’s a link from KCM about Freddie Mac’s projections: Housing in 2013.