Home Prices Hit A 10 Year Low

I was just thinking that my home has dropped in value by a third since 2007 and lo and behold I found this article.
finance.yahoo.com...

Home prices have fallen a whopping 34.4% from the peak set in July, 2006.

What really stinks is that the tax assessment rate has not diminished.

I see little hope for it regaining value. I'll be happy if it doesn't drop to the price we paid for it in 1985.

At least my house is paid off. I really feel for the people who are underwater on their loans