Monday, Jun 01, 2009
No change in May for Hometrack
Times: Demand applies brakes to plummeting house prices
Best line admitting ongoing issues: "Hometrack said. It added that, despite these indicators [more demand] , the outlook for the housing market remained fragile"
Posted by growler @ 07:11 AM (539 views) Add Comment
4 Comments
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1. inbreda said...
Other reports suggest that it is not FTBs returning to the market, but even more property speculators (those that used to think that house prices only ever went up, and now - after the falls - think that now is a really good buying opportunity because house prices only ever go up!!). So the market is even more f*****d up than before. Once these BTLers realise that it was a bear market rally, and as interest rates rise, there will be little left to cause these blips. Should be plain sailing to the bottom.
2. happy mondays said...
"the outlook for the housing market remained fragile"
The relationship of north and south Korea looks a bit fragile, GM looked a bit fragile, the financial system looks a bit fragile, the MP's look a bit fragile, GB looks a bit fragile, the UN in Georgia looks a bit fragile..But you cannot lose with bricks and mortar..
3. peter_2008 said...
I just received my bonus today (I am not a banker! And my bonus is paid in M&S vouchers, you get the picture). But I wonder if the blip has to do with the generous (again) city bonus this year?
The bankers should know exactly that every penny of their bonus is effectively, printed. That's why they know exactly that they have to spend it before everyone else figure out what is going on.
Once the bankers spent their easy earned money, they will probaly sit in their cosy new homes and watch the rest of the country burns.
4. Hiphater said...
Lack of supply is not the same as increase in demand! People aren't putting their homes on the market. My estate agent contacts tell me that new instructions are in short supply. Some of our clients are buying property rather than leave their money in the bank. There are no first time buyers around (I work in conveyancing)