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New Rules of Real Estate

In advance of spring shopping season, today Zillow offers five new rules of real estate. On the matter of buying versus renting, for instance, this is their tip: "A good rule of thumb is, if you are going to live in your home at least 5-7 years, then buying makes sense in most places. Home values will likely stay flat for several years after we reach bottom at the end of this year, but if you’re planning to live in your home long term, you can ride out the years where appreciation remains flat and come out ahead in the end." Click over for the rest. [Zillow Blog]