Home values dropping in these cities, Now is the time to BUY
http://www.msn.com/en-us/money/realestate/looking-to-buy-home-values-are-dropping-in-these-markets/ar-BBm5wE6
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I am a big demographics guy and the numbers / data is what speaks to me. Below are the numbers for population growth from 2010 - 2014. For large metro cities with a population greater than 2M, I believe Pittsburgh and Cleveland are at risk from a population inflow stand point. Cleveland has a net outflow of 13,642 with the metro population of 2.3M.
I think inventory of their perspective markets - supply and demand is what everyone should be looking to forecast where their housing market is moving. I live and invest in the Atlanta market and we have seen 327,595 net population inflow between 2010 - 2014. Back in Sept 07 right before the crash, the inventory levels in metro Atlanta was 138,442 and today that inventory sits at 41,383 as we are currently very close back to the 2007 levels. Information tells me that the builders cannot build fast enough to accommodate the demand of housing. In the Atlanta market, I do not see a bubble yet until I see the inventory levels back up to the 130k - 140k range.