Tuesday, February 21, 2012
Green shoots & Elvis Presley lives next door to me!
House prices ‘green shoots of recovery’ as mortgage demand jumps by 25pc
House prices are still falling, expressed in terms of national averages, but signs of recovery in the housing market include a 25pc increase in mortgage applications over the last year while asking prices increased by more than they have done in a decade.
Posted by happy mondays @ 09:03 AM (1688 views)
4 thoughts on “Green shoots & Elvis Presley lives next door to me!”
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will says:
Miles Shipside, a director of Rightmove, said: “We’re seeing a strong spring bounce in asking prices this year.â€
Of course, asking isn’t quite the same thing as getting. You can ask whatever you like but unrealistic house prices set by vendors are likely to be ignored by buyers.
Asking prices being ignored as well as house price indexes.
thebulltrap says:
Perhaps we are now at the true ‘return to normal’ phase…
hpwatcher says:
Perhaps we are now at the true ‘return to normal’ phase…
I can’t see that ever happening, too much government involvement.
thebulltrap says:
I live in (probably eternal) hope