Want to buy a home and be guaranteed you won’t lose money, even if the value drops?

Dennis Norman

Dennis Norman

I can remember a time, not that long ago, where about the last thing people were concerned about was the value of their home going down.  After all, for decades, our homes proved to be safe investments….no, we weren’t going to see their values shoot up 50 percent in one month like some hot tech stocks of the past, but nor were we going to see them drop by the same amount in a month.  Nationally home values increased about 5 percent a year, year after year.  That was until around the end of 2007 when we all learned just how volatile home prices can be. 

Today, even with prices severely discounted from their peak a few years ago, buyers are still  cautious about buying a home for fear that the drop in prices we have witnessed isn’t over.  Continue reading “Want to buy a home and be guaranteed you won’t lose money, even if the value drops?