Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?
Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?
Just a guess, but I’d recommend to wait one or two years. Things will get worse, and thus cheaper to buy. In the meantime save up for a larger down payment, instead of stretching your finances now.
After the next election, people will have more hope and prices will increase in the following years. Expect to hold the property for at least 10 years. Anything shorter could be a loss.