The housing market has become a financial nightmare for many average people throughout the United States and in other countries today. Those who have been able to keep their homes and not lose them to the banks by way of loan defaults or foreclosures are very fortunate.

Real-estate in the United States over the past 60 months has continually seen housing prices fall. Their current values now are less than (some far lower than) what is currently owed on their mortgages. This is true in many areas of the US with few geographical exceptions. As inflation increases, expect the value of your home to decrease even more. The value of your home is expected to lose an additional 5-8% in 2012 alone. This also is absolutely not the time to go buy a new or used home, once inflation reaches around 20% most likely you will see a total collapse in the real estate market. A large number of Americans now believe that a second “Great Depression” is very possible within a few years....

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