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Real Estate
Reply to "Spring Market=More Houses?"
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[quote=Anonymous]It's also a matter of the continued rise in prices and not just that owners have locked into low rates, especially if you value living close-in. We'd love to move to another house still in close-in DMV but prices have skyrocketed since we purchased our house and even with low rates frankly we can't afford to upgrade and still stay in the areas we'd want to live. As a result, even though I'm more than ready to move, there is no where for us to go since moving to Ashburn isn't an option we'd consider. A second piece, the longer we live in our houses the closer we are to paying them off. We have only 8yrs left on our 15yr mortgage. To start all over with a 30yr mortgage at a higher interest rate, even if we can afford the monthly payment, seems daunting since we are less than 30yrs from retirement age. Even though we don't love our house, financially it doesn't make sense for us to move.[/quote]
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