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we haven't had one for about 3 hours. i need to know....
23.4% drop by Jun2012
In my street, actual sold prices and the asking prices for ones currently for sale are back at the 2007 peak.
Buy low, sell high
12.5% rise by Jun 2012
Rent.
the market view (using derivative vehicles anyway)
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EDIT: BTW let me know if you cant see that graph. may need to have a login...
Houses are definitely going to have a price which might go up and/or down, or a bit of both ... probably, depending on the area of course.
Hope that helps the chat at the next dinner party 🙂
If you have to ask the price, you probably can't afford it.
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If you want to know whether they'll go up or down in your area I find [url= http://www.flip-coin.com/ ]this[/url] is the most reliable source.
they're gonna go up.
buy-to-letters are getting itchy, cos they haven't bought a house for a few months, and they can see the cheap-ish mortgages/houses that are available to those with deposits/equity.
as buy-to-letters hoover up more and more houses, and then hold onto them, we all have to enter a bidding war for those houses that do come on the market.
and so the cycle continues; a bidding war over an increasingly small amount of houses available for sale...
With respect, this question can only be properly analysed by looking at the circumstances of my marriage and its subsequent collapse.
I bought a house, because my wife reckoned it would make our relationship better. The housing market crashed pretty much at that moment and I've been in mind-buggerising negative equity ever since.
Right now, we are discussing which of us gets to keep this toxic liability on outr baance sheet. I predict with some confidence that if it is me there will be a period of stagnation with possible further falls.
If it is her then a return to the bull market will surely follow.
This forecast has been brought to you in association with Sod's Law. 🙂