Friday, November 2, 2007

Boom? Crash? Slump?

A guide to the housing market forecasts

It has been a week of conflicting housing market reports. Take a look at this house market guide for all confused.

Posted by peter @ 11:23 AM (620 views)
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2 thoughts on “Boom? Crash? Slump?

  • Mixed signals are great news for bears, since if the bear move starts the bulls can come back with “aha time to get them cheaper” arguments all the way down. Picking bottoms gives you dirty fingers! – sorry if you were eating! But of course before the bear is acknowledged the bullss can just jump on the latest skewed survey for their support. In time the credit crunch arguments must win but in the early stages that aint neccesarily so!!

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  • little professor says:

    I’ll summarize for ya:

    Land Registry:
    +0.4% in September
    +8.7% annually

    +1.1% in October
    +9.7% annually

    -0.1% in October
    +4.4% annually

    Forecasts for 2008:
    Capital Economics: -3%
    RICS: 0%
    Hometrack: +1%
    Council of Mortgage Lenders: +1%
    Knight Frank: +3%
    Savills: +4-5%
    Nationwide: +4-5%

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