Wednesday, Aug 20, 2008
NAEA notes market is stabilising (should read "stagnant"
mortgagesolutions: NAEA notes market is stabilising
Members of the National Association of Estate Agents (NAEA) have reported that the current market is levelling out, with a stability noted in the number of sales agreed, number of viewings before a sale is secured, and the percentage of agreed sales that have fallen through.
However there are still signs of uncertainty, with July's figures demonstrating that there is a lack of consumer confidence, with less people entering the market. Chris Brown, president of the NAEA, commented: "The figures reported by agents in July show that there is still an indication of stability in the market, however consumers continue to adopt a ‘wait and see' approach in the hope that there will be an improvement in the market. "Consumers are feeling anxious and have every right to be .........
3 Comments
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1. disillusioned said...
"...have reported that the current market is levelling out, with a stability noted in the number of sales agreed, number of viewings before a sale is secured, and the percentage of agreed sales that have fallen through."
i.e. the current (dead) market is still dead. It has 'levelled out' because it couldn't be much worse!
2. icarus said...
The use of "however" instead of "but" and "less people entering the market" reduces their credibility. How much confidence can you have in people who cannot write even in one language?
3. nooneo said...
Exactly delusioned.
When a market is virtually dead, any activity at all can be contsrued as it stabilising or even signs of recovery. The VIs are desperate and want to view anything as signs of the market strengthening, how else are they going to get suckers to take out new mortgages and move! If nobody moves the NEAE dies. The NAEA is an organisation that is seeing it's power base (EAs) dwindling as every month goes by. It has even started it's own national property portal website (which you would have thought would have been a good thing years ago before rightmove, propertyfinder, findaproperty and primelocation came along!) to try and help it's dying business.
It's like those involuntary twiches on a dead man be shown to be signs of life !