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Good News From Accross The Pond

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The median condo price hit $265,000 last month. That's down 2.3 percent from a month earlier and
9.6 percent
from July's peak at $275,000.
"It sounds more and more like the housing adjustment is a
harder landing
in Massachusetts than elsewhere in the country," said economist Nicholas Perna, head of Perna Associates in Ridgefield, Conn. "I don't think we are seeing anything like that in the country as a whole. My guess is that Massachusetts is among the most seriously affected."

But the EAs do what they do in the UK and spin the dismal news:

Although house prices are
down about 10 percent
from July's peak, MAR President David Wluka isn't alarmed.
"This is not a harbinger of anything I see other than a return to normalcy," he said.

Existing home sales dropping accross the US:


Thursday's report also showed that the number of existing homes available for sale rose 1.2 percent in November to a pace of 2.90 million units, the
highest level since April 1986

And this is just the beginning of the housing cycle--2006 will be interesting.

Edited by Realistbear

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  • 301 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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