US ($) Currency Thread 1 (closed - use thread 2)

neilbond007

inspector_monkfish wrote: »

don't be so sure, i still think house prices in UK, US and Europe have long long way to fall yet...

this data was just released about 50mins ago.......

- - - - - - - - - - -

CASE-SHILLER NOV 10-CITY HOME PRICE INDEX -19.1% YY
CASE-SHILLER NOV 20-CITY HOME PRICE INDEX -18.2% YY
CASE-SHILLER NOV 10-CITY HOME PRICE INDEX -2.2% MM
CASE-SHILLER NOV 20-CITY HOME PRICE INDEX -2.2% MM
Case-Shiller: Home Prices Continue Slide In November
Case-Shiller: Home Prices Continue Slide In November


The multiyear home-price declined worsened further in November, according to
the Case-Shiller home-price indexes, as numerous regions in the country saw record monthly declines.
The Sun Belt continues to be hit hardest, and nationally, home prices are at
levels similar to the first quarter of 2004.
"The freefall in residential real estate continued through November," said
David M. Blitzer, chairman of S&P's index committee. Both composite indexes and
11 of the 20 metropolitan areas reported record year-over-year declines.

As of November, the 10-city index is down 27% from its mid-2006 peak and the
20-city is down 25%. The two indexes have fallen every month since August 2006,
28 straight.
The indexes showed prices in 10 major metropolitan areas fell 19.1% in
November from a year earlier and 2.2% from October. The drop marks the 10-city
index's 14th-straight monthly report of a record decline.

In 20 major metropolitan areas, home prices dropped 18.2% from the prior
year, also a record, and 2.2% from October.
Once again, none of the regions could stave off a decline from October to
November. Month-to-month decliners were led by Phoenix and Las Vegas, which fell
3.4% and 3.3%, respectively, and Detroit, which dropped 3.1%. Eight cities -
Atlanta, Boston, Charlotte, Chicago, Dallas, New York, Portland and Seattle - had
their largest monthly declines on record. Charlotte posted its third-straight
record monthly decline.

And for the eighth-straight month, no region was able to avoid a
year-over-year decline. Phoenix and Las Vegas were again the worst performers,
with drops of 33% and 32%, respectively, from a year ago. Miami, San Francisco,
Los Angeles and San Diego followed, with declines between 26% and 31%.
Compared with a year earlier, Dallas and Denver had the best relative
performance, with declines of 3.3% and 4.3%, respectively. Eight of the cities
had smaller annual declines than October.

The Case-Shiller data came just a day after a government report that sales of
previously occupied homes rose in December, spurred by buying of discounted
property in distressed markets as prices took a record drop. The median home
price was down more than 15%, the second month in a row of the largest drop since
the survey began in 1968.

Tight credit and a bleak economic outlook amid mounting job losses have added
more stress to U.S. households, meaning the glut of housing remains. Even
heightened efforts to help borrowers stay in their homes have made little
headway.

doesn't make pretty reading...
ohio doesn't seem to be as badly hit as other areas. as in the uk there are areas that are seeing horrendous losses.
but i'm more than happy with the house and the price.

inspector_monkfish

neilbond007 wrote: »

doesn't make pretty reading...
ohio doesn't seem to be as badly hit as other areas. as in the uk there are areas that are seeing horrendous losses.
but i'm more than happy with the house and the price.

well best of luck mate

Blink_Eden

neilbond007 wrote: »

doesn't make pretty reading...
ohio doesn't seem to be as badly hit as other areas. as in the uk there are areas that are seeing horrendous losses.
but i'm more than happy with the house and the price.

No point stressing about the price of the house, you need a roof over your head.

I would also suggest that renting your current house out for 6 months - year might be a good idea just to give you a fall back position. Obviously I don't know why you are going out there but if, for whatever reason, it doesn't work out, you could just move back.

And I don't think you will lose much if you sit on your house for the next year or two

inspector_monkfish

Blink_Eden wrote: »

No point stressing about the price of the house, you need a roof over your head.

I would also suggest that renting your current house out for 6 months - year might be a good idea just to give you a fall back position. Obviously I don't know why you are going out there but if, for whatever reason, it doesn't work out, you could just move back.

And I don't think you will lose much if you sit on your house for the next year or two

better to sell it now, and bank the cash

the house will be worth less in a year or two, along with all other houses !

inspector_monkfish

GBP/USD soaring higher again.
markets like the uk car bail out plan it seems
just rallied from 1.4030 up to 1.4180 in past 45mins.

neilbond007

Blink_Eden wrote: »

No point stressing about the price of the house, you need a roof over your head.

I would also suggest that renting your current house out for 6 months - year might be a good idea just to give you a fall back position. Obviously I don't know why you are going out there but if, for whatever reason, it doesn't work out, you could just move back.

And I don't think you will lose much if you sit on your house for the next year or two

yep, and as i said, i'm extremely happy with the house (mansion) i've bought!
it's an inter company transfer to our US office. i've been trying to get over there for years but it's only just happened. i've been several times before, as has my wife, and have many friends over there. so, hopefully, we know what to expect!

it's a hard one with the house. i've got quite a bit of equity and would like to free it.
but if i could cover my mortgage for 12 months i'd be happy with that too...

if we all knew about house prices we'd all be millionaires...

Blink_Eden

inspector_monkfish wrote: »

better to sell it now, and bank the cash

the house will be worth less in a year or two, along with all other houses !

But the pound could be back up to $2 next year and you are forgetting about rental income

inspector_monkfish

Blink_Eden wrote: »

But the pound could be back up to $2 next year and you are forgetting about rental income

true
but house prices will still be worse!

inspector_monkfish

now we know what Gordon Brown has been up to...

http://www.thedailymash.co.uk/politics/politics-headlines/i-warned-of-crisis-ten-years-ago-then-did-absolutely-nothing-about-it%2c-says-brown-200901271536/

inspector_monkfish

inspector_monkfish wrote: »

some encouraging, better than expected figures from CBI Rtail Sales Balance, has just seen it rally back upto 1.42

needs to get over that 1.4250 level still....

well we've crashed through the 1.4250 level.... currently at 1.4265

next support level is 1.4360 if its going to push on higher....