House Prices Tipped To Fall 5% As New Low In Mortgage Lending Raises Fears Of Market 'double Dip'

[Number79]

I like this bit

But 5 % is pretty tame. I thought maybe that was month on month

agreed, 5% isn't a dip, it isn't even a toe in the water

[endofcrash2]

It's a start. They can't say house prices will drop 30-40%, because no one will read the rest of the article.

Whats staggering is that just 85million was lent last month. When I heard it on the radio I thought I wasn't listening properly. A tenth of what was predicted!!!! If they can get it that wrong and the real situation is that bad, then 5% falls are best case scenarios for 'speculators'.

85 million is around 540 houses assuming average price of 160K. That's a measley 18 houses a day, nationwide! Incredible. Only last month things were picking up again ... apparently.

The reason they can't say it is because it won't happen. I keep saying it on these boards you HPC'ers are not going to get falls of 30-40%

[Si1]

The reason they can't say it is because it won't happen. I keep saying it on these boards you HPC'ers are not going to get falls of 30-40%

agree fully - in nominal terms

but in real terms - squeal Mr Piggy

[eric pebble]

I like this bit

But 5 % is pretty tame. I thought maybe that was month on month

5% a month - until market drops 65% by autumn of 2011....

[Charlie The Tramp Returns]

You guys are all going to love the Daily Mail

Well the Daily Express tomorrow says HPs are rising £91 a day.

[red]

agree fully - in nominal terms

but in real terms - squeal Mr Piggy

How so? Inflation? The way I see it, with little prospect of wage inflation, we'll see nominal falls, too.