Saturday School: The Danger of Falling Home Values

Housing prices are soaring, but not so long ago they were plunging. Watch this video for a refresher about how sinking home values can destroy your finances.

Saturday School: The Danger of Falling Home Values Photo by Aggie 11 / Shutterstock.com

Housing prices are at or near record highs in many markets across the country. If you have owned a home during this time, odds are good that it’s worth substantially more than when you bought it.

But what if home prices fall again, as they did when the last housing bubble burst? Watch this Khan Academy video to learn about the very real financial risks of seeing your home’s value implode.

What’s your take on the state of the housing market? Sound off in comments below or on our Facebook page.

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