BBC - How low will house prices go in 2009?

wolfman

phil_b wrote: »

It seems everyone has their own little crystal ball. Anything could happen in these times.

With interest rates coming down and the average price falling at a fair rate it won't be long until many folk start to think more seriously about getting on the ladder. I'd expect the rate of drops to start slowing sometime soon.

In a couple of months I will be able to get a mortgage a fair amount cheaper than what it is costing me to rent (I already can in fact), so rent prices will have to come down too.

The only thing that may delay some people is the looming recession. Some people that can buy, but are a bit more stretched may chose to wait a bit longer.

The market doesn't look like it'll begin to recover until 2010.

chucky

StevieJ wrote: »

Strange, everyone on here ridcules the estimates when they were going up, now they treat them as gospel, I wonder why?
Top to bottom -20%, bottom by April 09, LR figures June/July.

i wouldn't go for the bottom out in April but would go for start to plateau then

neverdespairgirl

StevieJ wrote: »

Strange, everyone on here ridcules the estimates when they were going up, now they treat them as gospel, I wonder why?

I don't think they are being treated as gospel on this thread - on the contrary, people seem to be disagreeing, and taking those predictions as a starting point for making their own?

StevieJ

chucky wrote: »

i wouldn't go for the bottom out in April but would go for start to plateau then

Chuckie, run that one over me again :rotfl: what is the difference?

chucky

StevieJ wrote: »

Chuckie, run that one over me again :rotfl: what is the difference?

the funny think is that unless you put crash or 50% increase on there it get's ignored. you're too sharp!!!:rotfl: :rotfl: :rotfl:

hethmar

I am now thinking with the unemployment rising and the general feeling of depression over us all, that 50% from the peak is no longer unbelievable.

WTF?_2

sabretoothtigger wrote: »

I vote next years fall at year end to be the same drop as this years.

Yes - but the 'rate of fall' will have stabilised, don't forget! :rotfl:

besonders1

I bet that the house prices will be a downward line of symmetry of the house price increase, before the boom peak, if not sharper as I have seen the 15% reductions in just under three months which I never believed would happen at the time.

mewbie_2

I'm not going to bother with a prediction - its all out there in the news anyway. However I will predict that a large number of the bull types on here will have either stopped logging in, or have changed their aliases by this time next year. After all, no one wants to look a total plonker, even on here - do they boys?

sabretoothtigger

Better to look a plonker now and realise what will happen in future and make the most of it. Denying mistakes just produces more

!!!!!!? wrote: »

Yes - but the 'rate of fall' will have stabilised, don't forget! :rotfl:

Well yea I was kinda being positive there. If the prices reflect the stock market at all, the worst drops are at the start not the middle or end, does the 90's housing prices show this. A stable price is hardly great news for many who cant sell