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Jonnybegood

How Much Of An Affect The Weather

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Just come back from town and for the first time in at least 10mths the local EA are busy, Now I cannot say why these people are in there Buying/Selling but it seemed to be mostly those in late twenties early Thirties.

If I was honest I would say they were looking to buy, I only gazed though the window but the shop door was open and they were carrying nice bits of paper detailing the properties on offer.

There were not enough EA working to cope as many were just walking around browsing or waiting at the desk to be served.

IT was as if IR had been dropped on Thursday, So Why the sudden increase? Any one else seeing it?

I can only put it down to the nicer weather of the past few days or maybe something deeper...

I have also seen quite a few reduced signs going up on some long standing property over the past few weeks, 2 of which I pass on the way to work everyday, Those both now have sold on them, According to property snake it was 4% and 7% reduction respectivly.

Is this the way things will pan out, An IR increase then a couple of percent off a property then the market goes again, another IR increase a further couple percent off and the market starts again.

If thats the case what happens when we reach the top of IR cycle maybe 6.5 - 7%.

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If thats the case what happens when we reach the top of IR cycle maybe 6.5 - 7%.

I think at the top of this IR-cycle (15%-20%) the volume will be rather small, since people will have other problems.

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