"Trends" don't help you see the future; they only show you the past. In April of 2012, there was no "trend" to show you that home prices nationwide would go up 12%, but - they have.
Is the market "stabilizing?" Hail no. Are there opportunities? Yes, of course.
All the best,
If you find something that hits your hot button that you can afford for the long haul pull the trigger. If you're a speculator you better be damn smart and creative. Lot's of things happening as I write that continue to shape the very volitile and wavering RE landscape.
My 3 cents worth. (Adjusted for inflation)
New reports from several real estate research firms signify that home prices are finally stabilizing. The data reinforces a notion already asserted by many an economist, real estate agent and Wall Street investor: that 2012 is the year of the bottom.
Given the steadily dwindling supply of inventory and notably higher listing prices that are being negotiated today, prices are expected to show further improvements in the near future.
Tricia Wirth Gregory
Coldwell Banker Kivett-Teeters
There is never really a stable market. The market will always be moving up and down. Right now we are seeing fewer homes for sale, more competition from buyers which is resulting in multiple offers being made on properties and thus housing prices are starting rise slightly.
California has several different markets happening at one time. Northern California is much different then here in Southern California and down near the beach is a whole different market. Where my office is in Upland I can tell you we have as of today 165 active listings out of roughly 16000 homes in the city.
As Ron said a lot of it depends on location. Some parts of California where severely hit by the recession and other locations were not.
The Market is a very dynamic, living thing; just like the Stock Market, forever going up and down.
There are no plateaus. No LEVELING OFF!
Inside the Market and a lot of smaller Markets, cities and neighborhoods; some are going UP and some are going down: Forces like Unemployment, Gentrification, Development, Politics and Climate affect all Markets.
Florida, Texas and California were the hardest hit by the Recession; and some areas of these states are rebounding. Again; it is location, location, location!
In my local area, some parts of San Antonio are overwhelmed with sellers and this flooding of the market has dragged home prices down. However, there are numerous areas that have increased in marketability and price point. As an average, the market seems relatively stable in my area. However, based on variances, seek a real estate professional in the area you desire information to get market information specific to that area since variances in cities exist.