The Devaluation of Your Home

The housing industry is really in trouble and there’s nothing (that I can see) on the horizon to turn things around. Jobs are disappearing, so people can’t afford their mortgage payments (or can’t afford to try to GET one) and they can’t afford to sell their house because it’s not worth as much as they owe on the mortgage.  What’s wrong with this picture?

Poll: Homeowners see home values falling.

According to a new Reuters/University of Michigan survey, 41 percent of homeowners report “that their home had lost value during the past year, compared with 36 percent the prior month, the highest level since the late 1980s when the question was first asked. A year ago, only 20 percent said their homes had lost value.” […]


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s