As far back as reliable numbers go, home values have increased. Not every year, but the trend is always up, and any effect caused by economic turmoil is only temporary.
To see what I mean, pick any year with reliable statistics (from about the mid-40’s to today) and compare home prices to ten years before or after. See if you can find any ten-year period where home prices fell. You can’t do it.
Take this latest downturn for example-2010 prices are soft and well below the peak of a couple years ago, but still well above the values of 2000.
With most any commodity or investment, soft prices are seen as buying opportunities. Today may be the best opportunity to buy in your lifetime!
What choice will you make?