Sunday, July 1, 2007

Hmmm…..Hometrack spot on again?

House prices slow dramatically in June - Hometrack

The housing market continued to slow during June Hometrack statistics have shown, with growth slowing to 0.3% from 0.6% in May. The annual rate of growth has now fallen to 6.4%, down from 6.7% in May. The number of UK regions reporting growth in June fell to 28%, from 44% in the month before...For the fourth consecutive month the supply of homes reaching the market grew faster than the number of buyers registered with agents, at 12.4% and 5% respectively.

Posted by converted lurker @ 12:21 AM (357 views)
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2 thoughts on “Hmmm…..Hometrack spot on again?

  • Got to confess I’m still not seeing signs of a slowdown in Somerset. It has cooled a bit but it is still complete crazy. It is a struggle to find a “For Sale” sign amongst the rows of “Sale Agreed” and “SOLDS”. However one of my EA mates in Bristol described his area as f**ked but as yet f**ked has not extended across the city.
    FWIW my area which is booming probably in the main comprises third-time buyer gaffs from £450K upwards. There seems to be plenty of buyers in that price area.
    On a positive side the shit does not seem to be selling whereas any piece of shit would sell a while back.

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  • You know what they say – markets keep on going up and up – right until the point they stop and start going down and down!

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