The short answer is, you can sell a home every time. But you should not buy one any time. Now, is 2023 a good time to do either?
Should I sell my home? Although some of you may need to, it is not the best time to sell your home overall.
If you have recently refinanced your home, you have little incentive to sell your house. According to Thorsby with the U.S. news, ahead of 2022, many homeowners were able to lock into mortgage rates below 3%. Which is wonderful news! If that was your case, enjoy your low interest rate.
Should I buy a home? According to Daniel Woodruff with 2KUTV, the median price for homes in Salt Lake county went up 24 percent (on average) in the last year. Prices are not looking attractive, and the interest rate is on an average of 7 percent.
Conclusion: Do not buy or sell a home, unless you are not worried about a high interest rate, and a lower profit.
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