If you're an empty nester looking to downsize, don't let the weak housing market stop you. You may be working with less equity today than you had a year ago--but it could be more than you will have a year from now. And swapping your McMansion for something smaller today leaves you less exposed in a falling market.
Say you sell your big home for $600,000 and immediately buy a condo for $300,000, and housing prices drop 10% over the next 12 months, as some economists forecast. In the condo, you would lose just $30,000 on paper; in the house, you...
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