A rising market favors people who are downsizing because the higher the property value, the greater the sale of the more expensive, bigger property. This offsets the higher price of the downsized, smaller property, assuming both properties are rising at the same rate. Suppose you own a house that was worth $650,000 before the mini-bubble.
Today, a guest post from Jim Vogel: Your home is yours. Your children’s wedding photos line the walls, your grandmother’s tulips bloom in the front yard every spring, and you can still make out the faintest hint of marker where grandkids made the wall their canvas. But now that you’re moving to a new house