Friday, June 5, 2009

Return to the good times in the housing market?

5 Live Wake Up to Money 05/05/2009

Are we finally seeing a return to the good times in the housing market? The Halifax's latest survey shows a price surge of nearly 3% in May compared with the month before. That’s the biggest increase in seven years and the Nationwide's also registered a rise for the same period. We talk to Jonathan Davis, managing director of chartered financial planners Armstrong Davis and Peter Rollings, managing director of estate agency Marsh and Parsons. 5 mins 30 secs.

Posted by doomwatch @ 09:11 AM (1198 views)
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5 thoughts on “Return to the good times in the housing market?

  • “nearly 3%”?

    Oh, they mean 2.6%. I see what they did there.

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  • True story.. I saw a cat once, driven over by a truck. The cat never looked so animated, convulting all over the road like a

    rubber boned acrobat on electric steriods.

    I said to the kids that it had a lucky escape, but knew it was a gonna as I pushed on the gas to turn the corner.

    A dead cat bounce in it’s most dramatic form.

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  • I think that we have seen the bottom.

    I think that everybody should pile in and declare this one of the biggest bottoms in history.

    And then, later on, we can look back at what a huge bottom it was that we picked, what a great bunch a bottom pickers we all are, and reflect on how smelly our fingers have become.

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  • EA “its where people live and not about the money” – what, so it was never about making money – that is SO hypocritical?

    EA “people have been renting and now people are getting bored with that” – sorry?!?

    I think the problem with JD (and im sorry he’s not here) is that he never said that there would be a DCB at some point. He now says that a counter trend move is to be expected – yep , but surely he would have been more credible if he said that we would have steep falls but also some (potentially sharp) counter trend moves before the trend would re-establish for capitulation.

    I dont normally like Micky Clark but he hits the nail on the head “it takes two views to make a market”.

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  • So would the public buy a gas fire for 20 grand if told; “it’s about been warm, not the money” buy a commodities broker [working/lying
    for a long trader]

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