Sunday, Apr 18, 2010
Stating the obvious?
Reuters: House prices seen overvalued
LONDON (Reuters) - House prices will ascend gradually this year and next but the market looks increasingly overvalued against shaky fundamentals, according to the latest quarterly Reuters property poll of analysts.
Posted by novice pete @ 11:28 AM (1668 views) Add Comment
8 Comments
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1. paul said...
What exactly does "seen overvalued" mean?
Is that because they don't want to say "regarded as overvalued" or "viewed as overvalued" so they use the past tense (as if houses might not be regarded as overvalued anymore)??!
2. mdmick said...
The article points at the number of mortgage approvals as a sign of a market looking good.
I wish that I could drill down into that measurement and see if they mean stranger A buys stranger B's house or if they mean that Mr A buys Mrs A's share of the house as they go their separate ways. And does Mrs A become a lodger or rent directly from a BTL landlord or seek to buy her own place or .. ?
3. mark said...
Maybe there is a slow wind of change?
friday was a strange day, lot of shares dropped a fair amount of value..
if the ash cloud continues you will see a dramatic effect on the economy and possible panic buying of food, now would also be a perferct time for a fuel strike, completely disable the country
4. novice pete said...
I think it maybe beginning to sink in that housing is way out of kilter with wages, and the recovery is all but a sham.
Crash part two after the election, unless lenders start throwing money at people again.
5. taffee said...
how can overvalued mean prices will rise...are these people nuts?
6. mr g said...
@Taffee "are these people nuts?"
In a word, yes.
7. amjidk said...
i hope that the crash iv'e been waiting for for many years, starts after the election, i suspect a hung parliament will not be able to do, that which is required and the bond market will pull the plug..
8. novice pete said...
paul@1 I agree it's a horribly worded headline I would have written, House prices obscenely overvalued.