Tuesday, March 9, 2010

If it’s not snow…

Housing market on hold ahead of general election

The housing market is on hold as home buyers and sellers adopt a “wait and see” approach in the run up to the general election, estate agents have warned. Or should that be... The housing market is on hold as home buyers and sellers adopt a “wait and see” approach in the run up to the general election. Estate agents have waned.

Posted by timmy t @ 09:39 AM (2623 views)
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14 thoughts on “If it’s not snow…

  • matt_the_hat says:

    Most market indicators are positive –

    A rise in unemployment
    A rise in inflation
    A rise in social security costs
    A rise in the budget deficit
    A rise in the government debt

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  • I can believe that buyers are waiting, but sellers? I have been searching on Rightmove almost daily and the number of new properties added using the ‘last 14 days’ filter has been steadily increasing. Late last year it barely reached 200 and was often below 150, now it is well over 300.

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  • mark wadsworth says:

    They fluffed that headline, didn’t they? It should have been

    “Wavering homebuyers await outcome of general election” or “Tenants vote to stay put” or “Potential homebuyers vote with their feet” or “Housing market swings in favour of buyers” something.

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  • MW how about “Floating voters sink housing”

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  • ontheotherhand says:

    On a hung parliament on low turnout when homeownerist bribes are not in manifestos? “Voters stay at home to stay in home”
    On the Conservative win? “Homeowners Blue as negative equity tips them into Red”
    On Labour win? “Buy to let Back Brown”

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  • mark wadsworth says:

    OTOH, genius. How about “Housing tips into red on fears of Labour victory” as a back up to “Homeowners feeling blue..”?

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  • Repossessed see red but turn blue as No Labour under New Labour means the Brown hits the fan.

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  • … what about…

    “Estate agents know the next set of numbers on the housing market are woeful and rather than get sellers to be realistic, they’ve decided to call the reason first with another excuse to put off the inevitable and then buy themselves another month….”

    …. only to think about another excuse then.

    I remember saying that this would happen in a post last week?

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  • How about “the property market is fu**ed” – Royston Vasey

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  • “If it’s not snow…”
    lol.. because the chicken crossed the road.

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  • I can believe that buyers are waiting, but sellers? I have been searching on Rightmove almost daily and the number of new properties added using the ‘last 14 days’ filter has been steadily increasing. Late last year it barely reached 200 and was often below 150, now it is well over 300.

    I should imagine that vendors would want to sell now, when the prices are pretty high. The article is just hype.

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  • Happyrenting says:

    Does this mean we are officially in the “fear” point on the bubble chart? Any thoughts?

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  • Given the anecdotal increase in supply, to me it looks like we’ve passed the return to normal stage.

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  • markj69 str05 says:

    The colour of politics:

    If BLUES come to power, then i’ll fear,
    BLACK day, BLACK week, BLACK month BLACK year.

    The REDS, well they are all YELLOW,
    Scared to messy with financial fellow.

    They say it does’t matter, colour or creed,
    but I know a BROWN that’s promoted greed.

    And where are the lib-dems – starting to be seen,
    On the other side, maybe, the grass is GREEN.

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