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andys15 wrote: »

I agree. I think as more and more mortgages become available, then after xmas prices will begin to stabalize. I think they are already showing signs of slowing down. The houses coming to market now are much more realistic. The houses near me, a 3 bed on the market for an age at £250000(fixed price), 4 bedroomed come straight on the market at £250000 and sstc within days. All the 3 bedroom detached are sold as soon as they are priced around the £225000 mark, but none are selling above the £240000 mark.

I do think you're being a tad optimistic andy, SSTC means jack really, unless they appear on nethouseprices a couple of months later. We are just about to enter a full blown recession, even without banks being tighter than a fishes @rsehole, the chances are extremely remote of any recovery in this over-blown market.

The cycle is now on the downslope, interest rates will make little difference now , its way too late. Of course the price falls are going to slow, I'm sure no one expects prices to keep falling at 1.5-2% a month.

Turn on the news, things are starting to bite, High Street sales down, JCB on a 4 day week and thats just today.

No housing correction in history has only lasted 12 months before taking off again, add together recession + huge personal debt + huge mortgages, this one is going to last a long time

andys15

ad9898 wrote: »

I do think you're being a tad optimistic andy, SSTC means jack really, unless they appear on nethouseprices a couple of months later. We are just about to enter a full blown recession, even without banks being tighter than a fishes @rsehole, the chances are extremely remote of any recovery in this over-blown market.

The cycle is now on the downslope, interest rates will make little difference now , its way too late. Of course the price falls are going to slow, I'm sure no one expects prices to keep falling at 1.5-2% a month.

Turn on the news, things are starting to bite, High Street sales down, JCB on a 4 day week and thats just today.

No housing correction in history has only lasted 12 months before taking off again, add together recession + huge personal debt + huge mortgages, this one is going to last a long time

I do agree to some extent. I also full agree with the term sstc not being worth anything at the moment, but if i was selling I would be more confident of my buyer getting a mortgage than i was last week.