Wednesday, March 17, 2010

Dramatic increase in volume of property for sale – right on cue for The Dip: Part Deux

Rise in house prices virtually halts with leap in sellers

Howard Archer, chief UK and European economist IHS Global Insight, said the figures confirmed that 'the revival in housing prices since early 2009 is running out of steam, at least temporarily'. If the increase in supply continues, prices are likely to suffer a 'significant correction', he added.

Posted by mick rupert @ 09:51 PM (925 views)
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2 thoughts on “Dramatic increase in volume of property for sale – right on cue for The Dip: Part Deux

  • mark wadsworth says:

    Priceless. A month ago all the VIs were saying that prices were falling because the snow put off buyers; now prices are falling because the nice weather encourages sellers.

    But The Daily Hatemail neatly squares this circle by re-writing history – according to them, “A shortage of properties at the start of the year, partly because of the snow, artificially inflated prices in February by 3.2pc.”

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  • “if the increase in supply continues, prices are likely to suffer a ‘significant correction'”

    Hello! The supply / demand ration has nothing to do with house prices: Every home owner in the country could put their house on the market and still prices wouldnt drop. Housing is not a manufacturing chain its a redistribution of assets and until those assets have to sell prices arent going to budge.

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