Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

H P I News Is Scaring The Sheeple

Recommended Posts

http://business.timesonline.co.uk/article/...2335568,00.html

The Times August 31, 2006

Comment: Housing market will feel pinch soon
By Gabriel Rozenberg
After yesterday’s strong mortgage approvals numbers from the Bank of England expectations were high that the housing market would chalk up another strong month in August, and that’s exactly what happened.
The Bank of England’s surprise decision to raise interest rates has not made much difference yet – but the full impact on the market will take a few more months to become clear.
No one should think that the Bank’s actions have gone unnoticed, however:
a survey from GfK shows that consumer confidence deteriorated sharply this month to its lowest level since last November.
If the Bank keeps raising rates, the housing market will feel the pinch sooner rather than later.

It could be that the Sheeple don't believe the EA hype or are confused by the reports that contradict themselves, last week houses were going down by 144 pounds a day (See Mirror thread) this week they are going up 30. :blink:

No matter how hard the VIs ramp the consumers don't seem to be in a happy mood.

Share this post


Link to post
Share on other sites

http://business.timesonline.co.uk/article/...2335568,00.html

The Times August 31, 2006

Comment: Housing market will feel pinch soon
By Gabriel Rozenberg
After yesterday’s strong mortgage approvals numbers from the Bank of England expectations were high that the housing market would chalk up another strong month in August, and that’s exactly what happened.
The Bank of England’s surprise decision to raise interest rates has not made much difference yet – but the full impact on the market will take a few more months to become clear.
No one should think that the Bank’s actions have gone unnoticed, however:
a survey from GfK shows that consumer confidence deteriorated sharply this month to its lowest level since last November.
If the Bank keeps raising rates, the housing market will feel the pinch sooner rather than later.

Few days before MPC meeting :angry:

All is woe!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.