Monthly Archives: May 2008

I am no longer worried about my home value. Are you?

The housing market is so struggling these days. Every time, I hear the news, I get to know so many stories about these issues. If I keep on having on having the bad impact after hearing such news, I will make myself sick some day. I keep an eye on the various home valuation sites to know the value of my home. I will be stressed all the time when I find the value of my home is going down every day.

I am now no longer worried about the value of my home. The housing market has the adverse affect on the current homebuyers and the sellers. If you are one looking forward to buy a house, you need to be financially strong to shop for the best deals and get good offers from your lenders. If you are one of the sellers, there’s a lot of competition in the market and fewer financially qualified borrowers. You can often see a lot of homes with “For Sale” signs in front of them but the number of potential buyers seems to be very less in number.

I don’t have to worry much about the value of my home. Why? Because I am not looking to purchase another home and I am not ready to sell my home. At this point of time, I am happy with my home and should be for the next few years at least. I am also thankful to god that I don’t face severe problems in paying mortgages. I am doing well at my job and am able to feed my family quite nicely.  My point is if you have a home and are well settled in life; don’t look for any new changes to happen. Be happy with what you have and you will do well.

The latest report shows that the housing market should get better sometime in the next year or two. My friend is a real estate agent and he thinks that the market is not that bad as the media shows it. He always makes this point that real estate is local. The real estate in California is different from the real estate in Georgia. However, there are a few places that were tremendously hit by the sub prime loans.

Like I said, I am happy with my current situation and my home. But I will keep an eye on the value of my home in the coming months so that I get to know the net worth statement. That’s it.