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The Masked Tulip

Is Us Housing Heading For A Double Dip?

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http://www.indexuniverse.com/hot-topics/8448-case-shiller.html

U.S. home values are on a clear downward trend, hurt in part by foreclosures, and analysts may soon start talking about a “double-dip” by spring, according to the latest S&P/Case-Shiller Home Price Index report.

The weakness in housing is also related to the end of the Homebuyers’ Tax Credit Program that expired in summer, and the September Case-Shiller data adds fodder to concerns that the U.S. economy remains on shaky ground.

On a national level, home prices in September were 1.5 percent below their year-earlier levels, and 18 out of the 20 surveyed cities—and both the survey’s 10-City and 20-City composites—registered price declines from the previous month.

Housing is at the center of the worst economic downturn since the 1930s. The so-called Great Recession marks the end of an almost 30-year boom in credit that peaked with speculative fervor focused on housing. But as credit tightened, housing values stopped rising, which led to a burst in prices that exposed societywide indebtedness, badly damaging the global economy.

http://www.ft.com/cms/s/0/d25eeb36-fc88-11df-a9c5-00144feab49a.html#axzz16mvFCKqF

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Mid 2003 prices for the UK would be £125K or £160K adjusted for inflation. Nationwide house price index for Q3 2010 is £167K

Oddly their UK affordability index/income multiple for Q2 2003 is 3.9 and Q3 2010 is 4.5?

Edited by northwestsmith2

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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