It depends how much appreciation you have on the house. Don’t forget about the tax free appreciation for primary home. You will need to sell before the 3 year (must occupy home 24 out of last 60 months prior to closing) mark to save on taxes. If you don’t have much appreciation the tax benefit doesn’t come into play. Other than the tax implications, I would hold. Don’t see anything but appreciation on the horizon. As the new appreciation numbers get recorded you will see more buying frenzy. That will only stall out once prices get out of line with income.
