Many homeowners are still worried about their home values. We look all over and see foreclosure notices in our neighborhoods, low costs of homes for sale, and neighbors bailing on their existing mortgages. For each fall, there is a recovery. It is safe to say a lot of people lost their homes. No homeowner is immune to the falling home prices. Depending on the area, some are far more underwater than others.
In order to cope, a house has to be seen as a "home" instead of an investment. This is not the time to think of a house as a piggy bank. An economy needs time to recuperate. In the meantime, look at the important values of your home, the people that live in it, the times that are shared, the moments captured and the memories to be made.
"Price is what you pay. Value is what you get." Warren Buffet