Thursday, Aug 21, 2008
The latest market bottom call
Times: Persimmon says housing market will not worsen
"We still have visitors coming to our sites who want to buy, but sales are worse simply because of the difficulty in getting a mortgage, ...". In other words house prices are still too high.
Posted by letthemfall @ 04:24 PM (381 views) Add Comment
5 Comments
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1. Zr_seanie said...
Read the comment from the bottom of the page a person thinks this is a sign the market is near the end of dropping lol
2. Yerhavingalaugh said...
Such is the UK sheeple's predilection for property I think a mini revival/boom, call it what you will, could be engineered by inappropriate government action i.e. short term increases in liquidity and fiscal tweaking. This would simply suck more people into a market that still has a long way to fall. Were we nearer an election than we are I have no doubt that that is what Brown would go for. If he has any sense he will leave well alone, let the market correct itself and hope that things will be improving towards the end of 2009. He must resist the siren calls of the VIs to have any chance.
3. mark said...
Until sellers get realistic with asking prices the housing market won't move for years...............DROP YOUR PRICES........
4. icarus said...
Note that the one positive metric of Persimmon's performance - a recent rise in the share price - is accompanied by the comment that the company is a 'sector bellweather'. So everything's alright then.
5. d'oh said...
icarus - 28% of their shares are shorted. Rise in price today was profit taking/covering.