House price recovery

macaque_2

Thank you Yolande Barnes. I just love this piece. It has to be one of my all time favourite spin jobs!

Yolande, is the housing market in free fall? Come Yolande yes or no?

the market is reaching the end of its free fall

So where are we on the price cycle Yolande?

We could now be about to enter the latter stages of house price falls and be on the brink of the first stage in the recovery process

Yolande, can you use the phrase 'pronounced recovery' in a sentence without blushing? Take your time before answering.

We have already seen a pronounced recovery in affordability

If your predictions are wrong Yolande, what is the worst case outcome?

fear of unemployment, is likely to delay the point at which static prices turn to price growth

What is your evidence Yolande to support this optimism? Come on Yolande, say something!

there is anecdotal market evidence

Yolande, do you think this is a market for people 'in it for the long term'.

and the prospect of long-term growth are clearly in place now

I'm going to ask you again Yolande but can you be more specific in your answer. What is the worst possible outcome if your predictions are wrong?

It is becoming increasingly likely that the worsening economic climate will have the effect of pushing out the timing of recovery from Savill's earlier projections, perhaps by 12 months, she added.

So the market has lost around 20% since the peak. Could it fall any further and if so how much?

Whilst Savills research cannot rule out the possibility of further price falls, they believe that the market will settle at around -25%

http://www.propertywire.com/news/europe/property-price-free-fall-uk-200903082747.html

You have to hand it to Yolande. If the black death were to return she would describe this as an opportunity for people to adjust their work life balance.

ad9898_3

No VI there then.:D I mean come on lets be realistic, we are in the mother of all recessions, at the end of the biggest housing bubble ever, the money that proped up the market has gone. There is just no way on earth that prices won't be lower at Christmas than they are now. Even most of the bullish people on here acknowledge that. In fact I can only think of two people who would say different.

1. Gordon 'it's not my fault' Brown.
2. Kirstie 'it's definately stamp duty that is the cause' Allsop.

Dan:_4

We will have reached the bottom by year end.

macaque_2

Dan: wrote: »

We will have reached the bottom by year end.

If this is the one about, the old man and the beaver, I've heard it. If not carry on! I am ready for a good laugh.

Dan:_4

macaque wrote: »

If this is the one about, the old man and the beaver, I've heard it. If not carry on! I am ready for a good laugh.

I will accept your apology next year.

StevieJ

ad9898 wrote: »

No VI there then.:D I mean come on lets be realistic, we are in the mother of all recessions, at the end of the biggest housing bubble ever, the money that proped up the market has gone. There is just no way on earth that prices won't be lower at Christmas than they are now. Even most of the bullish people on here acknowledge that. In fact I can only think of two people who would say different.

1. Gordon 'it's not my fault' Brown.
2. Kirstie 'it's definately stamp duty that is the cause' Allsop.

Yes , I predicted 20% fall so still a bit to go

ad9898_3

Dan: wrote: »

We will have reached the bottom by year end.

It is possible, the slope down is so drastic you could be right, it could slow quite quickly next year, but it does depend on the economic outlook, which still looks very grim. One things for sure, I think by the end of the year we will know if the market is going to stabilise or if we're heading 50% down from peak. As for now, everyones guessing/hoping, depending on what VI they have.

ad44downey

macaque wrote: »

Thank you Yolande Barnes. I just love this piece. It has to be one of my all time favourite spin jobs!

Yolande, is the housing market in free fall? Come Yolande yes or no?


.

I love it Yolande. She must have studied Economics in the same place as Kirsty Allsop

chrismarriott

house prices will take at least 5 years to recover, long time to go yet

besonders1

Well at least they are recovering now, ie the prices going back to what they were before when mortgages were affordable.

scousethife

What sort of crack addict parent, sits down and says ...hey what about Yolande as a name for him.

It sounds like a type of free range sausage.

Or a vegitarian car, thats made entirely out of tofu!