Fiction: Since the housing market is in a slump, I should buy now while the prices are low.

Fact: If you have been considering purchasing real estate, and you have the funds to do so (respective of your overall financial plans and goals), now may be a great time to make a purchase. Doing so may not make sense, however, if you would need to tap assets that are slated for other pieces of your long-term investments or designated toward particular goals.

Historically, the housing market has recovered from market declines, but you should consider major purchases carefully, regardless of a particular market condition.


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