Housing crisis?

Question

How much percent do homes lose in value per year?

Answer 1

home prices only go up.  what planet are you from?

Answer 2

The value of the home is usually determined by fair market value.  Thus, the lose or gain in home value can only be determined by the market conditions in a specific area.

So they call this a buyer's market because home prices are increasing?  Definitely NOT!!! People, who are potential first time home buyers, are being encouraged to buy homes at the current time because home prices are decreasing (i.e. selling at a lower price)!!!!  By the way, I have some real estate on Mars I'd like to sell you!