buyer tax credits moveup: Waiting For Home Prices to Rise Before Selling? Read This!
- 12/27/09 08:42 AM
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)
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.
;)
;)
