Every day that I watch the news, I never fail to hear a story about the struggling housing market. If I were to worry myself every time I heard the bad news, I would probably make myself sick. Every time I hear a report on the poor housing market, I used to start visiting different home valuation sites to see how my home value has changed. I would get stressed out every time I saw that the value had fallen.

As the title says, I am no longer worried about my home value. I realized a lot of the problems going on in the housing industry has the most affect on current homebuyers and current sellers. If you are trying to buy a house right now, you have a great selection to choose from but you have to be more financially qualified to borrow the money for your purchase. If you are trying to sell a home right now, you have a lot more competition in the market and fewer financially qualified borrowers. It seems that if you were to visit a random subdivision, you will see a lot of homes with “For Sale” signs in front of them.

Why am I no longer worrying about my home value? I am not in the market to buy another home and I am not ready to sell my home. My home is perfect for me right now and should be for the next few years. My home is serving its purpose as a place to lay my head. Thankfully, I'm not having a problem making my mortgage payment each month. I have no plans to change jobs or move right now. I have no plans to start a family anytime soon so I don’t need any additional space.

The latest reports indicate the housing market should start to get better in a year or two. According to a friend of mine who is a real estate agent, things in the Atlanta area are not as bad as the media is making it seem. As he always tells me, real estate is local. The real estate in California is different from the real estate in Georgia. Of course, there are certain areas in Atlanta that were hit a lot harder by subprime loans.

There you have it; I’m no longer worried about my home value. I’ll still check it every few months or so just to update my Net Worth statement but that's it.

What about you? Are you worried about your home value? Are you currently selling a home or looking to purchase a home?


  1. Philip // March 12, 2008 at 1:48 PM  

    I just purchased a home, in the Houston area, I don't think that the market is coming down in the area. I also plan to stay for a while and can handle fluctuations. I only worry sometime that as a single guy if a relationship changes in the next couple years, how that might affect my plans.

  2. Anonymous // March 12, 2008 at 2:41 PM  

    We're getting ready to refinance a house and sell our old residence. Luckily, though, the values are still going up a little bit here in Tulsa. Prices are rising slower than they were, but we'll be OK (knocking on wood).

  3. Anonymous // March 13, 2008 at 1:11 PM  

    Don't expect the housing market to turn in 1 or 2 years. Historically, the housing market/cycle is roughly 7-8 years long. Will the market stop going down in 2 years? Maybe, but it's highly unlikely it will go up at that time.

    Do not assume the housing/real estate market can turn around like the stock market.

  4. Anonymous // March 14, 2008 at 10:45 PM  

    I'm not worried. I just bought this house, and I'm not going anywhere. My payment's fixed, so I'll just sit back and ride the wave...

  5. JP // March 18, 2008 at 8:21 AM  

    I know that sinking feeling you get. I live in northern Virginia and bought just below the peak of the housing market about 20 months ago. The county I live in does annual housing assessments and there is nothing like seeing $30k in equity go right out the window. Sometimes all you can do is be patient.