Gideon Gono Posted June 2, 2009 Share Posted June 2, 2009 Not The Times again... http://www.housepricecrash.co.uk/wiki/Read...ast_time_around You trolls are active today . See below. Why does every post have to go on about your sig? Quote Link to comment Share on other sites More sharing options...
Kazuya Posted June 2, 2009 Share Posted June 2, 2009 Why does every post have to go on about your sig? Saves Bruce from retyping the same thing over and over, especially with so many bulls about recently Quote Link to comment Share on other sites More sharing options...
salamander Posted June 2, 2009 Share Posted June 2, 2009 Just to add some balance (article 1 month old) http://www.telegraph.co.uk/finance/persona...-approvals.html Benjamin Williamson, an economist at the Centre for Economics and Business Research, said: "House prices in 2010 are likely to be lower than in 2009. Lower lending levels and a weakening labour market means that house prices will almost certainly have further to fall."While some industry insiders are adamant that we have already seen the bottom of the housing market, we feel that these calls are slightly premature." Howard Archer, an economist at Global Insight, said: "While evidence is mounting that housing market activity has passed its low point, current still very poor economic fundamentals and still relatively tight credit conditions suggest that the improvement in activity will be gradual and fitful for some time to come."And he added: "Any substantial upturn remains well into the future. Consequently, house prices still look poised to fall for some time to come." Quote Link to comment Share on other sites More sharing options...
Valerius Posted June 2, 2009 Author Share Posted June 2, 2009 http://www.telegraph.co.uk/finance/newsbys...nstruction.html Data showed residential construction almost stopped declining in May and business expectations in the sector were the highest since August 2007. Housing activity on the well-respected construction Purchasing Managers' Index (PMI) jumped by a record 14.8 points to 48.5 in May, from 33.7 in April. Although anything below 50 indicates a contraction, it was the highest level on the housing measure since November 2007 which was the last month before the sector started shrinking. Another good piece of news for the UK economy showing the worst is behind us. Wonder what the denialists will come up with... Quote Link to comment Share on other sites More sharing options...
Valerius Posted June 2, 2009 Author Share Posted June 2, 2009 House prices fell by the smallest monthly amount in almost a year in April, down by 0.3 per cent to an average of £152,898, according to official figures published on Monday. The latest data from the Land Registry offers further evidence that the housing market has begun to stabilise and comes days after Nationwide published figures that showed the price of properties bought by its mortgage customers had risen by 1.2 per cent in May. Separate data from Hometrack, using valuations from surveyors, found that prices stayed the same last month. Full story below. http://www.timesonline.co.uk/tol/money/pro...icle6410554.ece Bottom is here folks....Why not just accept it? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2009 Share Posted June 2, 2009 Full story below.http://www.timesonline.co.uk/tol/money/pro...icle6410554.ece Bottom is here folks....Why not just accept it? Not The Times again... http://www.housepricecrash.co.uk/wiki/Read...ast_time_around You trolls are active today . See below. Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted June 2, 2009 Share Posted June 2, 2009 Or here... Quote Link to comment Share on other sites More sharing options...
misterc Posted June 2, 2009 Share Posted June 2, 2009 like the title of your post says 'may have hit bottom'. england might win the world cup next year but it doesn't mean anyone would want to take a big gamble on them winning. don't know about hitting bottom, but all i can see is a real reduction in supply where i'm looking and can foresee a similar situation to last summer with nothing shifting, prices being cut etc.... clutching and straws misterc. Quote Link to comment Share on other sites More sharing options...
MOP Posted June 2, 2009 Share Posted June 2, 2009 hilarious valerius. I like that one! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2009 Share Posted June 2, 2009 Why does every post have to go on about your sig? And another one breaks cover . See below. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted June 2, 2009 Share Posted June 2, 2009 Rinoa usually posts this stuff, are you standing in for him this evening?See below. I thought Rinoa was a she for some reason. A lady bull Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted June 2, 2009 Share Posted June 2, 2009 Bottom is here folks....Why not just accept it? Because, unlike you, the vast majority of us aren't estate agents. Quote Link to comment Share on other sites More sharing options...
Moo Posted June 2, 2009 Share Posted June 2, 2009 Record Jump For Housing Construction Housing activity on the well-respected construction Purchasing Managers' Index (PMI) jumped by a record 14.8 points to 48.5 in May, from 33.7 in April. Although anything below 50 indicates a contraction, it was the highest level on the housing measure since November 2007 which was the last month before the sector started shrinking. Sorry, but I think someone's going to need to explain this to me. How does an index that shows a fall in a level of activity indicate a jump in a level of activity? If Jethro starts with ten toes in January, then loses three toes in each of February, March, and April, then only one toe in May, how many toes does Jethro have? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2009 Share Posted June 2, 2009 http://www.telegraph.co.uk/finance/newsbys...nstruction.htmlAnother good piece of news for the UK economy showing the worst is behind us. Wonder what the denialists will come up with... Rinoa usually posts this stuff, are you standing in for him this evening? See below. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted June 2, 2009 Share Posted June 2, 2009 http://www.telegraph.co.uk/finance/newsbys...nstruction.htmlAnother good piece of news for the UK economy showing the worst is behind us. Wonder what the denialists will come up with... So have the builders cleared their inventory levels ? Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 2, 2009 Share Posted June 2, 2009 Full story below.http://www.timesonline.co.uk/tol/money/pro...icle6410554.ece Bottom is here folks....Why not just accept it? hilarious valerius. Quote Link to comment Share on other sites More sharing options...
Yorkshire Lad Posted June 2, 2009 Share Posted June 2, 2009 Thats fantastic, soon we will have news stories like: NHF warns of 40% house price increaseThe National Housing Federation (NHF), which represents independent non-profit housing associations in the UK, has issued an alarming report in which it warns that house prices could rise by 40% over the next five years. Such an increase would bring the average price of a home in Britain to over £300,000 and, according to the NHF report, Government plans to increase house building may not be sufficient to prevent such an increase. Since 1997, UK house prices have risen ahead of wage inflation: house prices have risen by 156%, while incomes have risen 35%. Oxford Economics, the independent analyst, has prepared the data for the federation’s report and it includes indicators that interest rate rises will cause a slowdown in the housing market in 2008 and 2009, but that a new boom will follow. From August 7th 2007 - at the height of all this stupidity http://www.financemarkets.co.uk/2007/08/07...price-increase/ Quote Link to comment Share on other sites More sharing options...
Namaste Posted June 2, 2009 Share Posted June 2, 2009 "Data showed residential construction almost stopped declining in May " Quote Link to comment Share on other sites More sharing options...
three pint princess Posted June 2, 2009 Share Posted June 2, 2009 Lost me there chief. Ive had a blackberry for years. Sorry, probably before your time. Quote Link to comment Share on other sites More sharing options...
Fairies Wear Boots Posted June 2, 2009 Share Posted June 2, 2009 I thought Rinoa was a she for some reason. A lady bull She's a pre op transexual. Quote Link to comment Share on other sites More sharing options...
Mr. Cholmondley-Warner Posted June 2, 2009 Share Posted June 2, 2009 (edited) http://www.telegraph.co.uk/finance/newsbys...nstruction.htmlAnother good piece of news for the UK economy showing the worst is behind us. Wonder what the denialists will come up with... Linky for info. Tender price inflation (negative) report http://www.gardiner.com/pdfs/Tender%20Pric...09%20Report.pdf Outlook for construction not looking too healthy, falling prices over this year and next of 10%, hardly a healthy market Ongoing tough times for the property market for a while yet I would say Edited June 2, 2009 by Unknown Quote Link to comment Share on other sites More sharing options...
seriousz Posted June 2, 2009 Share Posted June 2, 2009 Sorry, but I think someone's going to need to explain this to me. How does an index that shows a fall in a level of activity indicate a jump in a level of activity?If Jethro starts with ten toes in January, then loses three toes in each of February, March, and April, then only one toe in May, how many toes does Jethro have? Well exactly. This is a report of a further contraction, isn't it? How does that make a record 'jump' for housing construction? I would be grateful if somebody would explain what I am missing here. Quote Link to comment Share on other sites More sharing options...
kilroy Posted June 2, 2009 Share Posted June 2, 2009 Well exactly. This is a report of a further contraction, isn't it? How does that make a record 'jump' for housing construction?I would be grateful if somebody would explain what I am missing here. rose-tinted glasses? Quote Link to comment Share on other sites More sharing options...
Prof Posted June 2, 2009 Share Posted June 2, 2009 Full story below.http://www.timesonline.co.uk/tol/money/pro...icle6410554.ece Bottom is here folks....Why not just accept it? You may embrace the bottom, if you so wish. I`ll decline the offer, thanks. Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted June 2, 2009 Share Posted June 2, 2009 Complete rubbish I have been talking to a housebuilder this afternoon as we have a project they may be interested in. His words "there are no green shoots, no recovery in sight and we are not close to the housing market bottoming out and recovering. We have written off 2010 and 2011." Quote Link to comment Share on other sites More sharing options...
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