Transcript for Home prices at record highs along with rising mortgage rates
Back now with the housing rket crunch that got M Americans wondering whr Ory. If that's the, answer might depend on where you wantli ABC's Rebecca Jarvis tracking your money tonig Ror with homerices at record highs in mu country,ing mortga rates, ping changes to the tax law, answerihe question should I rent or buy has rarely been triier. Ou mightffer let's say $300,000 for a home, but if someel in at $320,0, your off C late up today $320,000. Make sure ne else is Goin come in a outbid U. Ioh, did I overbid?" Reportees of both exis and newlyui fe overall ijune as did mortgae she of house fe has driven up values and priced out many wouldyers. And experts say, if you do want in this Marke you live, it might make sensto own. Nationwide, if you're going E E two or more years, you should buy, not ren ey're veryity-specif. For instance, there arme acw York WHE horizon is much longer, seyears. Rnline tools like low and nd wallet will help U lculate whether its smarter to own or rent based on location. Tom, if ell home, theiggest piece of advicerom experts not to over-remodel. A fresh at some updates in the bathroom. T don't the big Ken overhaul. It's not necessary in market, Tom. Ay, hold off O T K for En we come back --
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