Home prices are still down. Interest rates are hovering under 5%. You
want a larger home, but have been waiting for the market to stabilize.
There are signs that the market is starting to hold it’s own. Every now
and then, a drop in inventory and a spike in buying activity brings a
glimmer of hope to us all – hope that the market is rebounding. And,
the market appears to be making baby steps to leveling out. If you have
been contemplating selling your home in order to buy a larger one, now
may be the time to finally take action. While you may be able to sell
your home at a higher price in the future, the delay will cost you
money. The selling price on the home you buy, as well as the interest
rate on your new mortgage, will be higher as well. Still not
convinced? Take a look at the graph here
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