I agree with you my chosen headline is grossly overstating the situation because what happened in the housing market is a reflection of the economic impact that started with the financial crisis, held back economic recovery and the recent natural disasters on top of the “highly political” housing crisis. As visible results builders don’t build new homes and the housing market hasn’t shown any significant signs of recovery.

People still loosing jobs and without financial security taking on a mortgage is a risk. That is widely understood, but why are people so anxious about property values? We know the housing market moves in cycles. What goes down does go up, right?

Think about – the discussed property values in the media are nothing more than sales figures. Figures, what the current buyer is willing to spend. Your house might be worth less on paper, but does the value changes for you? You only lose money when you sell in the current market.

That is the answer to the above question – don’t be irritated by media’s headlines about home prices. Ignore the QV statistics in your letterbox about the paper value of your own home. You don’t need to sell – It's just fine.

Enjoy the value of your home – it’s dry, warm and comfortable,

Klauster