10. Think about a home's intrinsic value
The downturn in the housing market and the uncertainty about where it's headed may lead people to think less about picking up an incredible bargain in the hopes of making a huge profit and more about the home in its own right.
"[Buying a home] has always been a consumption decision and an investment decision," says Nicolas Retsinas, director of the Joint Center for Housing Studies at Harvard. In recent years, "we moved that dot along the continuum, and it became an investment decision."
"Questions such as 'Is this where I want to raise a family' and 'Is this close to the things that are important to me' will factor more into the decision," he says.