Monday, October 20, 2014

House prices ”going to the Moon”

Housing market slowing, surveys show

''Council of Mortgage Lenders data shows ‘plateau’, while Bank of England report points to caution among potential homebuyers.''

Posted by hpwatcher @ 06:45 PM (2596 views)
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6 thoughts on “House prices ”going to the Moon”

  • As they say on TV….”You can’t taper a ponzi scheme”. Skating on thin ice right now. Could all fall over after the election 🙁

    In other news, my new UKIP candidate for Westminster is a NuLabour defector! In the old days you knew where you were with politicians….

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  • 30% cut in mortgage rates and 0.99% HSBC rate will boost sentiment and take between 6months to a year to feed into prices.

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  • Oh yes that’s right,house prices only go up forever. Anyone who thinks that the plentiful housing crashes of the last fee decades needs to remember that these are aberrations and will never happen again, never ever, not on your nelly.

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  • “30% cut in mortgage rates and 0.99% HSBC rate will boost sentiment and take between 6months to a year to feed into prices.”

    Assuming,ceteris paribus,you can access this cheap money-every discussion I ‘ve had in the last month with private wealth managers tells me that there are 2 tales here-one is “look lots of cheap money” and the other is “sorry-you don’t qualify-or certainly to the extent that you need to buy an over inflated house”.
    So-Westminster can still claim to be helping “hard working families” with “record low interest rates” and then blame “the bankers”for not lending it.

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  • @2 – When sellers have large inventories and demand slackens, prices fall. Lenders have more funds than potential buyers want to borrow, so mortgage rates come down.

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  • I recall back in 2007 mortgage rates being slashed as lenders competed against a smaller number of buyers. A short while after the mortgage collapsed and a few luck ones got their 0.25% lifetime trackers.

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