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home values: When Will Home Prices Return to Pre-recession Levels? - 01/14/12 03:25 PM
 
With millions of homeowners having lost much of their net worth as a result of the housing crash, many have asked, When will home prices return to pre-recession levels? And the answer is neither simple nor encouraging.
 
What homeowners really want to know is when their lost equity will return, when they’ll be able to sell and walk away with cash for a down payment, or when they can get a home equity loan to supplement a college fund. Sadly, for many the answer is not soon enough, and for some, never.
 
Much of the equity … (38 comments)

home values: Home Values Have Remained Unchanged - 02/14/10 03:49 PM
With all the news about the declines in residential real estate, I thought it would be good to remember that home values have remained unchanged, and, in fact, haven’t changed in decades. In the midst of a recession, and with real estate prices plummeting across the country, how can that be?
 
It’s all a matter of understanding value and the difference between value and price. While home prices have dropped, home values have remained unchanged. Home prices are determined by the market; home values, by the family residing there.
 
Certainly home ownership isn’t for everyone, and the current housing … (45 comments)

home values: American Dream or Nightmare on Main Street? - 04/05/09 07:41 PM
For more than a century the American Dream has revolved around housing, and our ideal picture of the perfect family always included their own home. But the current financial crisis seems, for many, to have turned their dream into a blood-sucking vampire, bent on destroying the very foundation upon which their dreams were built.
 
Has the dream of home ownership been nothing more than a fairy tale, an expectation built upon a false assumption, as in the movie, “It’s a Wonderful Life,” when everything works out just right in the end? Is our dream now being crushed on the rocks … (80 comments)

home values: Are Homes Really a Bargain? - 01/23/09 03:43 PM
 
Unlike retail liquidation sales where prices are regularly “marked-up” prior to discounting, current home prices represent a true sale. If you are in the market to purchase a home and qualify for a loan, the only question you may have is: Have prices reached bottom? And the answer is unequivocally: No one really knows. But, that’s not bad news; it’s just the fact. We won’t know when the bottom of the market has occurred until it has passed; and then, it’s too late.
 
The housing market will probably continue its decline throughout the remainder of this year, but that … (2 comments)

home values: Housing News You Won't Find on TV - 12/22/08 12:21 PM
What’s really happening to housing values? From all the news reports we’ve heard, one would assume that homeowners across the country have lost all their equity. Has that really happened?
 
Most of those who are underwater with their home’s value are those who purchased in the last couple of years, when housing values were beginning to reach their peak. What about the majority of us who purchased five, ten, fifteen years ago or longer. Are our homes worth less than we paid? No. And it’s a fact few are discussing. They don’t consider it newsworthy.
 
I will use my … (6 comments)

 

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