Tuesday, June 30, 2009
Has the housing market found a floor
It's probably a little bit too far into summer to keep calling this the Spring Bounce. On a note of caution, Howard Archer, chief UK and European economist said, "We are still far from convinced that house prices have bottomed out and we certainly do not think that we are at the start of a renewed sharp upward trend. While buyer interest has clearly picked up markedly in recent months, this is only slowly translating into increased house sales".