Let's take a look at a few reasons that suggest it may be a good time to downsize.
1) The rates are low now, if you wait until prices come back it is unlikely they will stay this low and any advantage for waiting will be lost.
2) When the market bounces back, prices will probably rise at the lower end first and you lose what advantage you may have gained by waiting
3) If you really need to downsize, can you afford to wait it out?
4) When you need to shrink your house payment, every month delayed can be smothering.
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