Buyers market or Sellers market? If you're looking to upgade, it's both.
Here's the question. If home prices drop by percentages and you have the ability to afford a larger payment, why not make a change? Lets say you live in a home with a value of $200K and your considering a $300K home while home values in the area drop 10%. Your home drops to $180K and your next home drops to $270K. What was once a difference of $100K is now $90K.
Consequently, it seems like a good time to get both your home and credit in shape to take advantage of this "buyers" market. Regardless of what your neighbor says, if you can, now is the time to upgrade. So sell that house and take advantage of todays bargains.
Let me know what you think... Cruz
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