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How housing prices impact a move to a smaller home.

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 would lose $60,000. The condo savings, however, don’t include expenses, which you incur whenever you move.

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