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Real Estate Market Always Bounces Back In fact, there is nothing much to worry about because we have all seen it throughout the period of history – real estate market always hits back. If the market is falling now, it does not mean things will always remain like that. You must have patience. It may take months or sometimes even a couple of years when property prices will again start rising. You are not going to lose anything if you own the property as an investment for a long period, such as over ten or fifteen years. Even if you have bought it with an intention to live in it, you should not stress yourself because of a temporary decline in property rates. By the time when you will completely pay off your mortgage, the price of your p

roperty would have reached double or even triple of the amount you spend to make the initial purchase.

Wendy M. Edelberg Economist Macroeconomic Analysis Section Division of Research and Statistics

wendy.m.edelberg@frb.gov

Fields of Interest Consumption Consumer Finance Real Estate Education Ph.D., Economics, University of Chicago, 2003 M.B.A., Econometrics & Finance, University of Chicago, Graduate School of Business, 1997 B.A., Economics, Columbia University, 1993