BROADCASTS.com

b"

  This is Gina Mullen, with Gina Mullen Realty, answering your questions about real estate. Today we're going to talk about should I stay or should I go?

We talk all the time with clients about, \\u201cwell I think I want to see if more money before I move\\u201d or \\u201cI think I want to see what the market does.\\u201d So right now what we're seeing is interest rates have increased from last year. However, they have not increased significantly. They did increase some and then they kind of backed off a little bit. So we're seeing a really good percentage rate right now. If you continue to wait, market values will increase. The DFW area is showing that there's such a high demand for housing that regardless of what happens in the rest of the market, the DFW market will remain strong. So we will continue to see, more than likely, market values raise in the DFW area.

So as you are saving money for your next home that you want to go into, the market value of that home is increasing and the interest rate is increasing, which can possibly negate the amount of money that you have saved. So if you're looking to move, now might be a great time to do so as interest rates are still low. Market values, yes, are high but they will more than likely get higher.

So consider that when you're trying to determine whether you want to stay in your current home or whether you want to move into a new one, that taking the time to save that extra money may not necessarily get you the advantage that you think it might give. 

Have a great day!