Friday, Nov 10, 2006

Reuters turning bearish

Reuters: House prices set to cool as rates rise

Interestingly the discussion isn't about *whether* prices will cool but by how much - and whether it'll be a soft or hard landing.
"An increasingly robust housing market has shrugged off one interest rate rise this year and seemingly dipped below policymakers' radar screens, but prices look poised to cool as rates rise further, analysts say."

Posted by bobsta @ 11:58 AM (415 views)
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1. kpjcomp said...

>>1. "Property prices will remain high," said Miles Shipside, commercial director at property Web site Rightmove.
>>2. "The rise in interest rates will push the cost of home ownership even higher; stretching affordability even further."

Wow, Mr Miles don't even seem to understand his own comments.!!

No 2, is correct. Spot on Mr Miles..
No 1, now Mr Miles after reading please re-read No.2, repeat until you spot the obvious mistake!!!

Friday, November 10, 2006 12:23PM Report Comment

2. Rubberneck said...

I'm sure he's well aware of it already. He's most likely banking on the fact that the majority of people who look at his web site are so enchanted with the notion of buying their first property that they only see what they want to. Salesmen lap up punters like that for breakfast, he'll probabaly be selling snake oil next week.

Friday, November 10, 2006 03:26PM Report Comment

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