Monday, Nov 17, 2008
RICS Housing market survey
RICS: Sales hit a new low but expectations of a recovery increase
Transactions fall further though lead activity indicators improve.
Posted by p. doff @ 05:13 PM (571 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. letthemfall said...
"The (seasonally adjusted) net balance of surveyors reporting falling rather than rising prices improved slightly from -84.5 to - 81.8 in October."
Reminds me of the Spike Milligan sketch: "The doctors only gave me 5 days to live, but since I started smoking Henson & Bodges, I've been told I have 6 days." "Henson & Bodges - gives you that little bit more".
2. happyrenter said...
and without the seasonal adjustment it just gets worse and worse, from -91 in Sept to -93 in Oct - this seasoning must be much stronger than salt and pepper!
The comments at the end, even with Estate Agent bravado, demonstrate no recovery, no expectation of recovery, no time soon
I predict there will be another HPC - Hopeless Prediction Crash - as more of these adjusted stats unwind...