Dodd-Frank legislation<\/u><\/a> gave new market initiatives aiding in improving mortgage lending standards, it is not likely that homebuyers will again see the substantial real estate price drops that occurred in 2008.\u00a0<\/p>However, the great recession did bring about a new sense of market realization and caution across the housing market investing.\u00a0<\/p>
Lenders now are more cautious while approving the mortgages and homeowners are now more prudent about the mortgage debt they take on.\u00a0<\/p>
Even with a new outlook on the market, it is important that the homeowners closely follow home values and avoid underwater mortgage risks.<\/p>
A homeowner may choose to have the property appraised annually so they maintain a good understanding of a home\u2019s value.\u00a0<\/p>
Regular appraisals can also be done by borrowers to calculate property taxes.\u00a0<\/p>
An appraisal value depends on various factors like the national market trends, sales of similar properties recently in the area and neighborhood, and also on the individual home\u2019s amenities.\u00a0<\/p>
To maintain a high home value homeowners can also work on their homes by doing regular repairs and makeovers.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t