Home values tumble 1.7 trillion in 2010

It is estimated that American home values have dropped 1.7 trillion dollars this year. This is a 63 % increase since 2009. Also they have dropped 9 trillion in value since 2006. The home buyer tax credit helped the market in the first half of 2010, but then housing prices decreased. Eventually, many people believe that the housing market will come back naturally, but who knows how long that could take. Luckily, many sectors are gradually coming out of the recession, which in turn could be a good sign for the housing market. The temporary fixes that the government is trying to impose is simply not working. Hopefully, the government can find some solution to the housing market.