Wednesday, June 6, 2007

Consumers confident now, but for how long?

House prices - expectations pick up sharply in May - Nationwide consumer confidence survey

Views about the housing market remain upbeat. People's expectations of future house price growth reached a new high in May*: they now expect house prices to rise 4.5% over the coming six months. These views are likely to moderate over coming months as consumers see evidence of earlier interest rate rises taking hold.

Posted by converted lurker @ 10:29 AM (401 views)
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One thought on “Consumers confident now, but for how long?

  • Seenitallbefore says:

    Right. Send this over to swervin’ Merv and his bunch of merry men by lunchtime. Knock on the door, or barge in, slap it on the table and scream…look cretin …raise the rates NOW. Not tomorrow ..NOW…and raise them by 2 percent. When all said and done, if Norman lamont could raise the interest rate from 12 percent to 15 percent in ONE AFTERNOON trying to peg sterling to the Deutchemark when he was chancellor- (which by the way didn’t work and wasted 10 billion pounds into the bargin) then Merv the Swerve can.

    GO on Merv…Go on Son..You can do it..You know it makes sense…Go on boy Go for it. We dare you…Be brave…Make a name for your self…Go on my ol’ China..

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