Despite what we THINK might happen over the next few years, none of us really KNOWS what will happen with housing prices. Five years from now it could be -50%; or it could be +10% – nobody can know for sure. Likewise, there’s no way to know what interest rates and underwriting criteria will be like in the future.
If you’re looking at your condo primarily in terms of a housing payment then I don’t see the benefit to selling right now. If you’re looking at the paper equity and are not risk averse to try timing the market to parlay that equity into more then it might be worth your while to play.
You apparently have options and about as much security as is possible to have right now, so I think the decision really comes down to your priorities.
