As a realtor I get this question frequently. First, it really depends on your personal situation. If you are a first time home buyer without a home to sell then the market may dictate your decision as well as interest rates. For those who have homes to sell then the market doesn't make as big a difference but interest rates may bear on your decision. Why doesn't the market matter for those who own homes. If the market is up then you will get a premium when you sell your home and when you go to purchase you will have to purchase at a premium as well. If the market is down then you may get less for your home but you will also pay less for the next one so the market doesn't play a big factor in the decision. However, mortgage rates may be a factor for you as well. Today mortgage rates are low but we are starting to see a slight rise in them and we expect them to gradually move upward. So I suggest if you are thinking about selling and buying then the time is right for that now. If you are a first timer then It is also a great time to buy based on mortgage rates. You are better off buying now while mortgage rates are lower even though home prices have gone up. If you have any questions about buying or selling a home, please call "The DeBerry Team" at 214-215-506 or email me with your questions at Posted by Roxanne DeBerry on
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