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N A E A: August Buyer Interest Crashes To 4 Year Low

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Autumn housing market bounce is at 4 year low

By Andy "Andrew" Grant, Staff Writer

Published 17th Sep 2007, (a Monday) at 12:00AM
The average number of prospective buyers registered with estate agents rose 3.8% in August to 326 per agent compared to 314 in July. The figure is 18% down for the same period last year, and the
lowest August figure since 2003
With so many indicators now pointing to a slow down
the NAEA is urging homeowners to be realistic about the value of their property. The gap between asking price and the price achieved by a seller has widened to its widest point since February 2006, with a typical sale achieving 96.5% of the asking price.

NAEA turning slightly bearish?

Not many optimistic VIs left now. Paragon should still be good for a laugh though--"Bouyant", "soaring", "pushing FTBs aside" etc. All such phrases gone now I should imagine. :lol:

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