Philadelphia Weekly

REAL ESTATE

A tougher mindset for the new real estate reality

Mood of the Market

By Inman News Feed

Add Comment | Comments: 0 | Posted Apr. 4, 2011

And many won't do anything -- not borrow, nor spend -- to further burden it, to subject it to the risk of loss.

Even the cash they earn, in this new mental accounting, is to be spent more easily than cash borrowed against their home. In the final analysis, the recession has not only revised our actual accounts, it has revised our mental ones, as well.

Tara-Nicholle Nelson is author of "The Savvy Woman's Homebuying Handbook" and "Trillion Dollar Women: Use Your Power to Make Buying and Remodeling Decisions." Tara is also the Consumer Ambassador and Educator for real estate listings search site Trulia.com. Ask her a real estate question online or visit her website, www.rethinkrealestate.com.