Even though you may have purchased your home when the values were higher, don't let the declining prices cause you to hate your house. You bought it for a reason whether it was for retirement, a place to raise your family, an investment or a vacation home.
In our lives, we have all had the feeling that maybe we overpaid for something or another. Maybe it was a new car. You bought it and then a few months later, you see that the dealer is now offering a rebate or a lower interest rate. That didn't cause you to hate your car and stop taking care of it did it? Well then don't do that to your home.
If you bought your house as a place to retire or raise your family, continue to enjoy it and take care of it. Live your life without worrying about what the value of your house is. Dont get upset and start hating your house just because a similar one down the street sells for 100k less than what you paid for yours. You can't control the value of your home because it's the "other houses" in your neighborhood that determine what the value of "your house" is. Just live with it and stay positive.
Of course, the better you maintain your home, make improvements, keep up on maintenance etc... the better chance you have of being on the higher side of "range of value" for your home.
I understand that if you are someone that will need to sell either because you bought it for an investment or vacation home and now need to liquidate your asset or the current economy has cause you to lose your job or possibly have to relocate. In those cases, of course you need to be concerned with the value of your home.
This writing is geared towards those home owners that are able to stay in their homes and plan on being there for a while.
Keep your head held high as you continue to take care of your home and insure that it always has that great curb appeal, pride of ownership and comfortable feeling that you bought it for.
Aloha and Happy Holidays!