Monday, Jun 29, 2009
Same same
CityWire: House prices are still gridlocked
House prices were unchanged again in June as falling supply and rising demand helped to support prices, while other indicators further fuelled hope that the market is recovering, Hometrack’s survey shows.
'A lack of supply and rising demand have combined to prop up house prices in the last 2 months,' said Richard Donnell, director of research at Hometrack.
He said the volume of buyers has grown by 36% in the last six months, substantially more than the 6.4% increase in the number of homes for sale.
Posted by 51ck-6-51x @ 10:23 AM (556 views) Add Comment
3 Comments
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1. wdbeast said...
Mr Donnell needs to understand his definitions.
1. Buyer = One who has bought
2. Seller = One who has sold
He is confused, the market is currently full of voyeurs and hopers.
2. Soothsayer said...
No. You are confused. Buyer = someone who wants to buy. Seller = someone who wants to sell. You have to be clear on the context.
Just because the recovery is weak and you don't understand it doesn't mean it isn't happening. Selling like hotcakes here.
3. mark said...
Prices are high for one reason only
Greedy, stupid vendors who believe the only way is up... idiots