I have been having lengthy discussions with a neighbor trying to explain how real estate market values work. I’ve explained things in more than one way but I can’t seem to get my point across. Really we just have to accept that our houses are worth 30% less than they were when we bought new four years ago, if they aren’t a distressed sale. I came across this article that I think will help those wrestling with reality.
Read Understanding How Real Estate Market Prices Work (NuWire Investor, April 2010)