Bullish comments on housing market.

Realy

ad9898 wrote: »

Of course transactions will rise a little as people price more realistically, I mean in my area on 2 houses were sold in July, I expect this to rise but its a low base to start from. If they sold 4 in August that would be a 100% increase, sounds good but when you look at the figures its still pathetic.

2007 is gone, people need to face up to it.

I take it you have called an end to bull day.:D

On the sales in your area keep an eye out on LR, In our area we still had ones from April only going on to LR this month.
To get a good picture give LR 6 months to fianly get everything down.

poppysarah

LOL
The BBC now have a logo for the downturn
http://news.bbc.co.uk/1/hi/in_depth/business/2008/downturn/default.stm

howler_2

Realy wrote: »

Oh my god I have not seen one for months.
Homes market 'improving'
http://www.teletext.co.uk/news/national/a87a6e5867f6950b8419e6b04e744c91/Homes+market+'improving'.aspx

I have got to win a prize for that they are like rocking horse poop.

Naturally - the country braces itself for recession and EA's call an improvement in the housing market

ad9898_3

Realy wrote: »

I take it you have called an end to bull day.:D

On the sales in your area keep an eye out on LR, In our area we still had ones from April only going on to LR this month.
To get a good picture give LR 6 months to fianly get everything down.

Yeh, I've seen this before, I think solicitors have upto 3 months to register the sale I think, I stand to be corrected though.

Prices have fell so steeply in the last few months that any drop of less than 1.2% per month will have the EA's and bulls shouting from the rooftops that the 'bottom' is in sight.

I think the bottom is in sight to be honest, somewhere in 2010 with another 15-20% down between now and then. The bottom will then last maybe a couple of years as we struggle to come out of recession. So there will be quite a few months of very low house price falls ( less than 0.5%), maybe even some flat months, however lets not kid ourselves though the only way is down for a considerable time yet.

I tried to write a bullish post, unfortunately this was the best I could come up with.:D

ad9898_3

poppysarah wrote: »

LOL
The BBC now have a logo for the downturn
http://news.bbc.co.uk/1/hi/in_depth/business/2008/downturn/default.stm

That is a classic, you can just imagine their brief at the BBC......... right chaps, I want you to come up with the most interesting graphic for a 'downward arrow'. extra points if the tip of the arrow is buried in the ground:D

poppysarah

ad9898 wrote: »

That is a classic, you can just imagine their brief at the BBC......... right chaps, I want you to come up with the most interesting graphic for a 'downward arrow'. extra points if the tip of the arrow is buried in the ground:D

Interesting to see how their reporting changes too - whether they stop being the mouthpiece of the Brownites.

ad9898_3

poppysarah wrote: »

Interesting to see how their reporting changes too - whether they stop being the mouthpiece of the Brownites.

It will be interesting for sure, I usually like the beeb and perhaps unlike others think that it is reasonable value for money, however the last few months their bias towards the bullish side of the market has left me wondering. I mean the amount of VI's they interview for the bull side of the market has been almost 100%.

And giving so much time to Blears, Cooper, Smith etc.. has been unbelievable, it wouldn't be so bad but the sheer crap these people come up with beggers belief, with almost no counter argument

poppysarah

ad9898 wrote: »

And giving so much time to Blears, Cooper, Smith etc.. has been unbelievable, it wouldn't be so bad but the sheer crap these people come up with beggers belief, with almost no counter argument

Without wanting to invoke godwin's law - I do agree completely there - there's been so little counter argumnent. The poor conservatives on the other hand have been so slated for as much opening their mouths recently. They get a much harder time than labour do.

It's been pretty appalling.

Conrad

The article mentions only modest improvements but it is inevitable that in good areas, falling interest rates will tempt some buyers.
Many people are not overly concerned with ensuring they buy right at the bottom.

I think lenders will offer rates of 4.5% typcially by next summer, so on a £100,000 flat with £90,000 mortgage the interest cost is £337.50 pm, whereas rent on the same property here would be £600 p m on average.

Even if FTB rates were 5.5% the interest cost is £412.50 p month so still less than rent.

Unemployment rising will keep some buyers away, but even if we return to the 1 in 10 days on 1980, thats still 9 in 10 working.