This is a question asked by a lot of people. The best way to answer this question is with another question. Do you plan on buying this home to live in? If so, then you will definitely catch the market on the way up when you make your next move. Don’t take my word for it, see what the New York Times has to say.
Another thing to consider in this market is rent versus mortgage. If bought correctly, your mortgage can cost just as much as it would cost to rent. Use this mortgage calculator to get an idea how much your mortgage would be.
