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buyer tax credits moveup: Waiting For Home Prices to Rise Before Selling? Read This! - 12/27/09 04:42 PM
Everybody is discouraged by the drop in home prices over the last 3-4 years, especially people who want to "move-up" to a larger home.
Our statistics show that the median selling prices of residential homes in our 24 town area (from Branford to Waterford Connecticut) have dropped 14.1% since 2006 (as of November 2009). 
So should you "move-up" now or wait for prices to re-bound to 2006 prices (the same percentage as the decline of 14.1%)? 
I've estimated the results of buying now or waiting as shown in the table below: 
We're making several assumptions including:
1.  Current home and move-up home … (1 comments)

 
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Edward McCaffrey, ABR, GRI, e-PRO

Essex, CT

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