redwing Posted February 27, 2009 Share Posted February 27, 2009 Well, what a February! We started the month with the surprising news from the Halifax that house prices rose in January. But finish on a high with both the Nationwide and the Land Registry indexes showing that February is back to the correction we love and cherish. The Land Registry sales data in particular were stunning. It's clear that the level of demand for housing is reducing day by day. And it's not just for house purchase. There was a welcome piece this week saying that rents are falling because there are fewer people needing to rent and more supply from reluctant landlords. And then today, was the report that up to 5 million Britons will be in negative equity by the end of 2009 Gloomberg This really is crash cruise speed. When it's this bad, who on earth is going to be buying? [That's a rhetorical question btw - you don't need to say it's you] So, why post this on the ecnomics forum? Well why not? The fundamental points in the post are about the economics of housing. If you want to read about economics in general then why not look in on the main forum. After all, you have to pick your way through that forum with a fine tooth comb to find anything about the house market. Let's put housing related topics here instead. Whadyathink? Quote Link to comment Share on other sites More sharing options...
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