Your money: New real estate rules for 2014

(Reuters) – When the housing bubble burst, a damage-control mentality replaced decades of conventional real estate wisdom.


With the housing market now rebounding, there is still uncertainty. The old rules – such as getting a fixed-rate mortgage and refinancing when you can – don’t apply. But the post-bust rules don’t work either.


“There’s a new, new emerging wisdom,” says Erin Lantz, director of the Zillow Mortgage Marketplace for the real estate site.

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