Assuming the prices will nominally stagnate from 2011 to 2014, when would you rather buy? Closer to 2011 or 2014?
2014 should present many more choices at the best prices. I probably won’t buy my next “dream” house until then. If it’s just a regular house to live in then anytime during that bottom period would be fine.
Looking back to the 1990s at some of the anecdotal price histories, I think that 1996 was a much better time to buy than 1991.
