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If you are wondering just how much the recent housing market corrections have impacted the value of your home, you might try our sponsors site at Valuesinfo.com.  They offer house appraisal for your home based on the prices of recent home sales in your area.

During a correction especially a correction that is compounded with a correction in interest rates and the credit crunch, it's very important to know where you stand in the valuation of your home.  If you need to refinance your home due to rising interest rates that are impacting a variable rate mortgage, or if you need to take home equity money out of your home now, to best to monitor where you stand in the market.  Many areas are still going up in the United States for his real estate is concerned, however some areas have been writing a bit of a roller coaster. 

It's important to note that the valuation of your home doesn't necessarily mean that it equates to what your home will sell for in the future.  Appraisals are typically based on historical sales of similar homes in your area and not reflect the future trend where the housing market is going.  If the market is going down valuations could be high, and if the market turns around stars to go up to valuations could be low.  At the end of the day the only thing that will truly determine the value of your home, is the price that a buyer is willing to provide you that close.