We just looked at purchasing a CYV last week. Our current minimal mortgage is at 3%. After talking to the bank, even VA mortgage rates are at 6.5%. Add to that the substantial bonds, realtors fee of 5%, and estimated closing costs of $21k ( on a $350k house?? Seriously??) and even the banker said it was a no brainer, sit tight where you are. I guess our patio villa doesn't look so bad right now!! Too much inventory sitting for more than 6 mos. I've said more than once that it's easy to buy a house in Florida, but a bi$@# to sell one (from personal experience).
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