Thursday, Nov 08, 2007
Watch the buggers go
Halifax: Halifax - monthly national index
Halifax - down 0.5% for October
Posted by phdinbubbles @ 08:58 AM (213 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
I get the impression these various indices do tend to zig-zag up and down, but the trend is curving down.
Each low plumbs new depths and each high fails to scale previous heights.
Interesting anecdotal - we are looking for a new place to rent in Guildford and Hamptons, MSE and Bellvoir have all said that the both the sales and rental markets are dead. The rationale given for rentals is that either a) no one is moving, b) landlords have sold their properties or c) that people just aren't offering property for rent.
We have had a hard time finding anywhere suitable to move to so there seems to be some validity to this. I can see the rental market behaving oddly for a few months. The question is, where it will go from here? Will Assezzz and their boyzz in the landlordz brigade be proved right? Or will rentals fillip and then crash?