Should I Buy a Home Now?

Existing home sales have been increasing steadily. Also on the rise are home prices, an all-important indicator of stability. In today's "beat up" market, rising home prices translate to a more balanced supply and demand picture. Be the one to sell your current home to a first-time buyer and continue to capitalize on historically high affordability conditions. The housing "inventory" is also steadily getting smaller which will also translate to a more balanced supply and demand picture. We are still well below mortgage rates averaging 6.52% one year ago. As an existing home owner, it is to your advantage to "trade up" and net increased appreciation and value in your new property.