Friday, September 5, 2008

House prices down 12.7% yoy. This definitely looks like levelling off to me.

House Price Falls Levelling Off

"Halifax attributes much of the slowdown to inflated food and fuel prices, which have risen by 12 per cent and 17 per cent respectively over the last year." .......oh yes, affordability has nothing to do with this slowdown.

Posted by bystander @ 02:46 PM (883 views)
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5 thoughts on “House prices down 12.7% yoy. This definitely looks like levelling off to me.

  • You’ve gotta love these ‘in denial’ websites.

    More spin than Monty Panesar!

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  • dohousescrashinthewoods says:

    I read in City AM this morning that Martin Ellis is still claiming that a strong labour market, low interest rates, low unemployment and a shortage of new homes are supporting valuations but that the availability of mortgage finance is weighing.

    Cut-n-paste error surely – they can’t still believe the shortage story, or are they trying to tell us something through the back door?

    New build is 6 feet under -and falling.

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  • “Findaproperty: House Price Falls Levelling Off”

    I’m not even bothering to read this ridiculous article. Absolute tripe.

    Just another “It’ll all be over by christmas” article.

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  • The rain outside is showing early signs of subsiding, which is a key indicator that it is soon going to stop. Experts predict that, with a high-pressure front coming in from the Atlantic and sound fundamentals, it is never ever going to rain ever again.

    Does anybody want to buy my sun-lounger?

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  • Winter is coming and the price falls with accelerate as the fear of repossession bites. If I was an agent, I’d be telling folk to slash their price now. The commission on a reduced price sale is better than the hope of commission on something that doesn’t. Are these guys thick?

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