Friday, Oct 23, 2009

"housing bulls should enjoy the recent summer bounce while it lasts. 2010 isn’t looking pretty."

Moneyweek: Tighter money spells lower house prices

"Interest rates for US 30-year fixed home loans have just risen for the second week in a row. The average rate is now 5%, against 4.92% last week. That may not sound like much of an increase, but the reason behind the rise should have housing bulls everywhere worried."

Posted by sybil13 @ 03:09 PM (1014 views)
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1. stillthinking said...

First the editor reveals he took advantage of the recent "window of opportunity" to STR, exchanging contracts in November, and now the deputy editor weighs in with gloomy prognostications about future interest rates.
Maybe he doesn't want to hang around for so long before buying back in...

Friday, October 23, 2009 03:17PM Report Comment

2. crunchy said...

The UK will not see a glimse of a recovery in at least 2 years, by which time the USA will not be recognisable.

Welcome to the USSA government state and it's drone work force.

Friday, October 23, 2009 03:56PM Report Comment

3. chrisa said...

"housing bulls should enjoy the recent summer bounce while it lasts. 2010 isn’t looking pretty."

So go out of your way to create a bull trap in housing (and bear market rally in stocks) just to try and suck in those few FTBs and sensible savers etc who sat it out waiting for the crash and became convinced this summer that now was the time to buy to get a bargain/couldn't wait any longer, and then go and crash the market again in 2010. Smart way to fleece the many that sat it all out and preserve the elite at the top of the financial pyramid i'd say.

Friday, October 23, 2009 05:05PM Report Comment

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