Refinance Low, Buy Low

Most people sell their small property and upgrade into a larger property.  When they do this, they are selling high and buying high or they are selling low and buying low.  

Since the market has dropped and it's become a seller's market, a better solution could be to refinance your current property, keep it, then purchase another at current market lows. 

For example, if you condo is worth $500k and you have a $200k mortgage on it, you could pull out $200k in equity.  This $200k in equity can then be used to purchase $1.0 million dollar home.  

Your not forced to sell your condo and you get to upgrade into a bigger home.

This also works for purchasing rentals.