The Wall Street Journal writes that for those willing to make the plunge, several factors — among them the U.S. economic recovery — make real-estate fundamentals relatively favorable now, said Rich Fichtel, senior financial adviser at Altfest Personal Wealth Management in New York, which manages about $1 billion. For example, leasing is outpacing new construction activity and vacancy rates are declining, he noted.

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3d rendering of a row of luxury townhouses along a street

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