3 ms·
It depends on if you are trading up or down. If you are trading up, the house you are buying is more expensive than the house you are selling. In this case yo
by drdec 5y ago
It depends on if you are trading up or down.
If you are trading up, the house you are buying is more expensive than the house you are selling. In this case you want a down market. Yes, you get somewhat less for your existing house, but you more than make up for it in what you save on the new house.
If you are trading down, the opposite is true. A hot market has increased the value of the house you are selling more than the house you are buying.