Saturday, May 08, 2010
Could... this... be... the... HPC... cusp.... ?!
The Times: House prices slip as more go on the market
"House prices UNEXPECTEDLY fell in April as the number of unsold properties rose to the highest level in a year, figures showed today." (My emphasis in caps - "unexpectedly" for whom, exactly?). Surprised this ain't had a mention on here yet.
Posted by mick rupert @ 01:49 AM (1622 views) Add Comment
12 Comments
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1. markj69 str05 said...
Hardly surprising the number of 'unsold' houses increased, when the number of houses coming onto the market is increasing. Wouldn't surprise me if the number of houses sold increased aswell.
Cherry picking stats that don't show the full story. Poor reporting in my opinion.
'Halifax said that prices were likely to remain flat throughout the remainder of the year. ' - Regarding this comment, ha! Flat like the white cliffs of Dover (Heading in a sea-ward direction of course). I give it 6mnths.
2. markj69 str05 said...
To clarify, 6mnths until we realise the start of the decline. Then it'll be a downward slope, for years.
3. Mrhappy said...
not sure if it won't restart next spring... people need houses.
4. charlie brooker said...
"Oh, Edmund... can it be true? That I hold here, in my mortal hand, a nugget of purest Green?"
5. Crunchy said...
Now what could trigger a housing crash beyond mortal control?
Jeeeeeeeeeeeeeeeeeeeeeeeeeeeeeesus!
Are we unwittingly waiting in a queue thinking that we are merely looking on. How arrogant, or is that bigoted now. :)
6. alan_540 said...
Indeed you do, Percy, except, of course, it's not really a nugget, it's more of a splat.
7. Notyethomeless said...
When Halifax said prices will be 'flat', I think they covered their bases by simultaneously meaning 'no higher than now' and '0% annual rise'.
Prices can fall 5% in the next 6 months and can still be called 'flat' over the year as the annual house price inflation will be 0%.
8. dohousescrashinthewoods said...
Two stories for the back end of this year:
- double-dip recession
- inflation
Feels kind of obvious.
Sell all assets and don't hold the cash too long. Really not sure where to put the money though - probably best to spend it now, or send it abroad. I haven't much so I'm buying a motorbike :)
9. dohousescrashinthewoods said...
Incidentally, good to see the MSM coming here to get their analysis and reprint it a couple of days later. At least some people still scratch the surface of press releases.
I for one always check here when I hear something extraordinary on R4 that has been carefully polished and slipped into the back-end doldrums of a random news bulletin.
Case in point - the UK about to bail out Greece and it was passed over with a mild reference on the Beeb.
10. a saver said...
Speaking to my bro last night and he thinks his house has earned him 50k since he bought in 2007 (Farnborough, Hampshire).
11. miken said...
Now is coming the time when people who thought house prices would rise forever are going to be in for a shock. An inauguration of a new Lib-Con government will be the last nail in the coffin.
12. a saver said...
miken, tell it to my bro, the whole family thinks I'm an idiot for not buying!