house price drop 'slows down'...

helenamy123

hi,

not sure if anyone else seen or posted this?


http://www.orange.co.uk/money/news/4245.htm?linkfrom=money_news_default&link=link_title&article=money

regards

helen x

kennyboy66_2

Thanks Helen, some of the uber doom mongers are in mourning today as their whole life depends on 50% falls from peak.

helenamy123

sorry just noticed someone beat me to it in posting!

lol kenny!

regards

helen x

poppysarah

You should be in mourning for the country going to the dogs.
If Gordon keeps house prices up it means that everyone is screwed.

ad44downey

Wait until house prices actually go UP in one month before you call the bottom of the market please

kennyboy66_2

poppysarah wrote: »

You should be in mourning for the country going to the dogs.
If Gordon keeps house prices up it means that everyone is screwed.

Sorry, I thought it was individuals that bought and sold houses not politicians.
Politicians have as much hope of propping a market up as King Canute has in stemming the tide.

The trouble is that if you think there will be average nominal falls of 50%, then you are probably wrong.

Of course those people who do buy are inevitably labelled as misguided, fools and sheeple, when in fact all they want is a house to live in.

kennyboy66_2

ad44downey wrote: »

Wait until house prices actually go UP in one month before you call the bottom of the market please

Whose calling the bottom ?
I fully expect prices to fall by another 10%.

50%-70% falls ? I don't think so.

luvpump

ad44downey wrote: »

Wait until house prices actually go UP in one month before you call the bottom of the market please

Indeed so, Fionula Early, our friend from nationwide was on 5 live this morning, she was quizzed on how accurate figures can be given when the volume is just so low !!... Not very convincing ... anyway, Now Unemployment is really kicking in....prices are heading one way in all of 2009.....south !!

ad44downey

A temporary lull?

But the consultancy Capital Economics said the Nationwide's figures were unlikely to herald an upturn.
"November's moderate fall in house prices is not a sign that the housing market is bottoming," it said.
"With the economy set for a deep recession and unemployment rising steeply, we expect the sharper downward trend in house prices of recent months to reassert itself," it added.

WTF?_2

kennyboy66 wrote: »

Sorry, I thought it was individuals that bought and sold houses not politicians.
Politicians have as much hope of propping a market up as King Canute has in stemming the tide.

The trouble is that if you think there will be average nominal falls of 50%, then you are probably wrong.

Of course those people who do buy are inevitably labelled as misguided, fools and sheeple, when in fact all they want is a house to live in.

We didn't get into this mess because "all people wanted was a house to live in".

And which people here are labeling anyone buying a house as "fools and sheeple"? Opining that it's a bad time to buy is quite different to actively ridiculing someone who wants to buy.

sympatex

Isn't this something to do with "How much did it fall last november?" The declines in house prices should flat line but still be negative given that its over 12months now of constant falls, i could be wrong of course.

There's some question marks over how many new buyers there are and what %of the market nationwide now occupy. Think it's going to cocntinue like this or get worst after the Christmas period when all those mastercard/visa bills come in.