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Nayved

Housing Slowdown May Claim 800,000 Jobs

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Hey fellows,

I know that most people are not interested in the American market, but I think it is important. Doom & gloom in America spreads globally.

Housing Slowdown May Claim 800,000 Jobs

It's interesting to note that:

Counties showing signs of a cooldown include San Francisco, where housing sales have been off 20 percent since peaking in June, 2004. San Diego County has seen sales slow about 13 percent, while monthly price gains have plummeted to low single digits.

...June 2004 is also the peak for the London market as well. They might be behind in raising rates, but the markets have similarities.

Any idea how many people would be affected in the UK?

Regards,

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Some forecasts have said that the Unemployment Rate could rise by 500,000 over the next 2 or 3 years, but that includes all sectors, not just the housing sector.

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  • 341 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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