Home Prices Deline vs. Increase

The headlines look somber "Home prices decline." But what does it really mean for you?
The news says, "In the latest bad news to hit the housing market, a new report shows that home prices dropped by 6.7 percent in October from a year ago -- a record decline. "No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim," one expert says."

But they fail to report that in California over the previous 5 years we had record gains that in some periods toped 22% a year! So a 6% loss isn't that troubling unless a person HAS to sell their home immediately and bought it at that top of the market. For someone staying in their home, a small loss is of no conscience. It's like a stock investor that sees their stock fall but doesn't realize the loss by selling their stock. If they wait until the stock recovers to sell it, for them there never was an actual loss only a temparory paper loss.

by Nedalee Thomas-Ruiz, REALTORPhone (877) LIST-TNT Toll free, that's (877) 547-8868 Fax (949) 600-7960Serving South Orange County, Ca.Ask me how you can buy real estate NOW at 50 -85 cents on the dollar!http://www.dynamiteresults.com/MailTo:Nedalee@kw.com