In this hot real estate market, should you buy?

(NEW YORK) — If you’re looking to move, it appears you’re not the only one.

If you take a look at today’s real estate market, it seems like everyone got the same idea at the same time. In fact, home prices have soared to new records – up more than 17% from last year.

So given the hot market, is it better to buy or rent right now?

ABC News’ chief business, economics and technology correspondent Rebecca Jarvis weighed in on the question Monday on Good Morning America:

Copyright © 2021, ABC Audio. All rights reserved.