Keep your hopes going because home values have been rising.  They rose in October for the third straight month, and this may be a sign of a rapid pace of recovery that has delighted economists and started a round of questions about how long the trend can last.

After the economic crises caused by the three-year descent of home values, they have  rebounded this summer fairly regularly,  at an annualized pace of almost 7 percent.  Which is not too shabby.

Because rising home prices play a key role in rebuilding the economy, as homeowners feel wealthier when their property appreciates in value and are more likely to spend money. Also, rising prices help millions of homeowners who owe more to the bank than their homes are worth.

This means that it may be a good time to look into a Reverse Mortgage.  If you do one now, and your home value is at today’s levels, and then your home appreciates quickly in an economic rebound, then your decision to do a Reverse Mortgage should pay off handsomely.