Sunday, Sep 12, 2010
Martin Ellis (housing economist at the Halifax) gets his crystal ball out again
Scotsman: Martin Ellis: Housing market has stabilised as interest rates remain at record low
House prices rebounded during much of 2009 as supply shortages helped to push up prices. More recent indicators suggest that the market is now broadly stable, with house price inflation having cooled since last year. Prices are 9 per cent above the low reached in April 2009 following a 23 per cent decline between August 2007 and April 2009.The underlying rate of house price growth has slowed since the start of the year and there has been a mixed picture of monthly rises and falls so far in 2010
Posted by jack c @ 12:55 PM (1296 views) Add Comment
6 Comments
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1. paul said...
Another unrealistically optimistic view of the future of the housing market with guarded caveats to protect themselves from future ridicule.
These opinionettas are now ten to a penny among housing industry vested interests.
2. jack c said...
He rather likes the use of the word broadly (which personally I don't - even Stuatz @ Assitz will give numbers - always on the plus side but he will put numbers to his name)
"More recent indicators suggest that the market is now broadly stable"
"Overall, prices in the three months to August were broadly unchanged"
"Housing market activity is also broadly stable"
"our forecast is for house prices to remain broadly stable"
3. hpwatcher said...
Whatever happened to free markets?
4. will said...
Martin Ellis is a banker - actually.
5. peter said...
It is a silly article. A banker ought to know that you can't stabilise a bubble.
House prices will fall - that is inevitable.
The only thing we don't know is when - and what will be the trigger.
6. Fedup With Experts said...
When are these doom and gloom so called experts going to stop running down our economy