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Realistbear

U S Sends Signal: H P I Is Over--official

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http://biz.yahoo.com/ap/060306/housing_slowdown.html?.v=2

Housing Slowdown Ripples Through Economy

Monday March 6, 3:01 pm ET

By David Koenig, AP Business Writer

Statistical Evidence Suggests Five-Year Housing Boom Is Over; Slowdown Ripples Through Economy

DALLAS (AP) -- The five-year housing boom is indeed over, judging from growing statistical evidence and the performance of some of the nation's leading builders, and the slowdown is already rippling through the economy.
In the last week, the Commerce Department reported that January sales of new single-family homes fell 5 percent -- the fourth decline in seven months -- and the backlog of unsold new homes hit a record. And the National Association of Realtors said used home sales slipped 2.8 percent in January, the fourth straight drop and 5 percent below January 2005.
"
Investors kept saying, 'Next year housing will go down,'" Barron said. "I guess they're finally right
."

It over. The UK is in the same place with the inverted yield curve. The only difference is that the US is not denying the turn in the market.

What next? 1989 with a vengeance. Recession. Flight to safety--US bonds/higher US $, sterling crisis.

Edited by Realistbear

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What next? 1989 with a vengeance. Recession. Flight to safety--US bonds/higher US $, sterling crisis.

Realistbear :D you keep the flame alive, but you might want to change the title of the thread to "HPI is over" rather than "HPC is over".... ;)

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Realistbear :D you keep the flame alive, but you might want to change the title of the thread to "HPI is over" rather than "HPC is over".... ;)

Done! In the excitement of the moment I mistyped HPC instead of HPI! Seriously, the admissions coming from the US are significant as spin and denial has been almost as strong over there as here. 2006 is going to be a very interesting year with the UK debt problems and house prices being maintained by nothing other than VI spin. In the face of world IR rises the lies are going to have to stop sometime in the next couple of months IMHO.

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  • 302 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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