Perspective for Current Real Estate Market
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Because real estate tends to be fairly stable, it has been viewed as a very solid investment for many reasons. But this decade, it is the other way around.
To be able to understand real estate market in this 21st century, you will need to maintain an objective, critical perspective. The values and the rate of home are dropping but soon the market is going to recover. If you are a homeowner, and you want to foreclose or short sell your home because you owe more than your house is worth, you are making a terrible mistake because when the market rebounds, your house will appreciate to be worth more than what you owe.