Saturday, Sep 11, 2010
"In terms of the housing market those with a mortgage are getting less optimistic"
Investors Chronicle: How long can despondency last?
This is now the third successive month where all the constituent factors for our IC Confidence Index have produced negative scores. The latest indicator's continuing fall was in part due to its house price factor which dropped to a score of -4 and is close to joining the five factors already on the lowest score possible that may be attained. Clearly an indication that this is not a conducive time for would be investors. The factor for house prices is based on Nationwide’s House Price Index and its percentage change on month. In August house prices fell yet again this time by 0.9 per cent over the previous month. This is the first time since February 2009 that house prices have fallen in two consecutive months.
Posted by jack c @ 02:20 PM (627 views) Add Comment
- 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
No comments have been submitted.
Be the first person to add your comment by completing the form below.