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Guest wrongmove

How A Us House Price Correction Could Come Home

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Hamish McRae: How a US house price correction could come home to roost on this side of the Atlantic

"It is the little signs that give you an early warning that something important may be happening. In this case it is the matter of US house prices, for, as here in the UK and in some other markets, it has been a housing boom that has helped support consumption growth. Now, it seems, the boom is over....

...But I think I would stick by what I said to that immigration officer. That was that people should buy houses that they wanted and needed to live in, rather than regarding a home principally as an investment. I didn't think interest rates would go through the roof, but I reckoned that if he waited a bit there might be some better bargains around."

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Hamish McRae: How a US house price correction could come home to roost on this side of the Atlantic

"It is the little signs that give you an early warning that something important may be happening. In this case it is the matter of US house prices, for, as here in the UK and in some other markets, it has been a housing boom that has helped support consumption growth. Now, it seems, the boom is over....

...But I think I would stick by what I said to that immigration officer. That was that people should buy houses that they wanted and needed to live in, rather than regarding a home principally as an investment. I didn't think interest rates would go through the roof, but I reckoned that if he waited a bit there might be some better bargains around."

I just posted a new thread about US growth, and IRs, which appears to be in line with this article. Not much prospect of higher IRs then, it seems.

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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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