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I read somewhere yesterday that the P/E ratio of US housing was about 3!! Now that surprised me, some website that ranked it around the world, but I can't find the site now. It must have been wrong surely as prices can't be that low relative to incomes now there?

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5 hours ago, bear.getting.old said:

I read somewhere yesterday that the P/E ratio of US housing was about 3!! Now that surprised me, some website that ranked it around the world, but I can't find the site now. It must have been wrong surely as prices can't be that low relative to incomes now there?

I suspect this is true except in the major centres of employment, guessing

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"...Sales of new single-family homes in the US fell in September by 0.7 percent to 701,000 units. The August reading also witnessed a downward revision to 706,000 units as compared to the originally reported 713,000 units.

But what’s alarming is that the monthly price decline was the biggest seen since September 2014 despite tight inventories, a sign that a US housing market crash is here. The median price of a new house slid 8.8 percent year over year in September to $299,400. The month-over-month decline came in at 7.9 percent."

 

So is it basically the same scenario happening here in the UK then? I.e. a reducing inventory but prices still falling? (well maybe not as fast as in the US but you know what i mean)

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  • 295 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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