Should I Wait for Interest Rates to Go Down if Sales Prices are Going Up?

“My wife and I have watched sales prices in Phoenix drop to the point where it now makes sense for us to buy our first home. Interest rates are pretty low, too. So, we got to talking this and wondered which is more important. Interest rates or sales prices? Is it better for sales prices to go down even if interest rates go up? Or, should we wait for interest rates to go down if sales prices are going up?”.....more

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