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Realistbear

U S House Price Growth Comes To Sudden And Violent Stop

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http://uk.biz.yahoo.com/housingmarket/index.html

Tuesday September 5, 06:35 PM

US house prices growth slows

LONDON (ShareCast) - US house prices continued to grow in the second quarter but it was at the
slowest rate in thirty years
, said the Office of Federal Housing Enterprise Oversight .
The latest figures from federal regulators provided further evidence that the US housing market is cooling.
House prices were up only 1.17% in the second quarter compared to 3.65% in the same period last year, the biggest fall in price since OFHEO started keeping records in 1975.
The agency said the possible slowdown in price growth could be due to higher interest rates and rising inventories of homes for sale.

At the current rate of decelleration negative YoY should begin to appear nationwide within very few months. In the UK we have only gone from double digit HPI down to low single digit with nationwide negative YoY still several months away. But the HPI-MEW juggernaut is on its way down.

Can Gordon make it to No. 10 in time is the question? :o

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Can Gordon make it to No. 10 in time is the question? :o

Well, Gordy is expecting to pick up the keys to number 10 next June apparently, so we can expect pretty static (or reduced) interest rates between then and now I guess <_<

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http://uk.biz.yahoo.com/housingmarket/index.html

Tuesday September 5, 06:35 PM

US house prices growth slows

Can Gordon make it to No. 10 in time is the question? :o

There is no doubt that Gordy has a powerful pair of bicycle clips in place over his lower orifices hoping that the enema of US *** is not going to pop his cork. He is an old soviet style politician - how could anyone aspiring to become pm afford to take maternity leave over the whole summer whilst the country faces crisis after crisis?

Sadly, according to the opinion polls still 35% of the electorate in this country still thinks he and his buddy Prescot are the leaders they want........says everything really

Edited by make my day

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The 30 year low is all over the US news now with CNN weighing in with the doom and gloom:

http://money.cnn.com/2006/09/05/real_estat...dex.htm?cnn=yes

Sharp home price pullback
Government index shows the largest quarter-to-quarter fall off in home price increases in three decades.
By Les Christie, CNNMoney.com staff writer
September 5 2006: 2:50 PM EDT
NEW YORK (CNNMoney.com) -- New evidence of a housing market slowdown emerged Tuesday - growth in the price of a single family home was just 1.17 percent in the second quarter, a decline of more than one percentage point from the prior quarter when prices grew 2.20 percent.
The Office of Federal Housing Enterprise Oversight (OFHEO), which released the report, said it was the slowest quarterly increase since the fourth quarter of 1999 and was the sharpest quarter-to-quarter pullback since OFHEO began the index in 1975.

We have these devastating 50 year floods and I am wondering if we see the same with the economic cycle--a series of reasonably large corrections (The Big Crash, Great Crash 1 etc.) followed by a "50 year" crash which is a violent adjustment of prices downward to correct the years where HPI has consistently been too far ahead of earnings? Although not a literal 50 years we seem to be overdue for "the big one." 1929 revisited?

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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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